12/03/2008

HalfPrice homes for Teachers & Law Enforcement Officers


Did you know that there is a HUD (U.S. Department of Housing and
Urban Development) program available to teachers and law
enforcement officers to purchase homes for half-price?!

The Teacher Next Door and Officer Next Door programs can be
a great help for people in the teaching and law enforcement
professions. There are some hoops to jump through and some
restrictions such as:

* Homes must be in designated redevelopment areas

* You must live in the home for 3 years to get the full price
reduction

* You have to bid on and win a home using an Internet-based
bidding system

* Your contract has to be submitted immediately after winning a
bid

* You must pay your real estate agent yourself, HUD doesn't
compensate your agent the way most typical sellers do

I have gone through the process before and understand how it
works and if you can benefit from either program. Contact me if
you want to learn more.

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