HUD Offers Special Buyers Sales Program Incentives:

By
Real Estate Services with Crescent Moon Realty, Inc. & Land N Sea Auctions.

One of HUD's Special Sales Program under the Good Neighbor Initiatives is the Officer Next Door/Teacher Next Door (OND/TND) program. The OND/TND Programs offers HUD-owned, single family homes that are located in HUD designated Revitalization Areas will be made available to Law Enforcement Officers and Teachers at a 50 percent discount of the last listed price.

When a law enforcement officer or teacher chooses to use an FHA-insured mortgage the down payment is $100. When a governmental agency of nonprofit organization is the purchaser, HUD expects that the full discount will be passed on to the law enforcement officer or teacher. Officer Next Door/Teacher Next-Door program participants are required to own and use their property as their sole residence for at least three (3) years. Participants agree to execute a second mortgage and note which will be for the amount of the discount which HUD can call at a later date if the buyer fails to re-certify.

During the entire term (3 years), the buyer may NOT own ANY residential real property other than the OND/TND home. Failure to comply with this (or any OND/TND) requirement may result in the remaining balance of the second mortgage becoming immediately due and payable. The officer or teacher must submit a contract bid of 100 percent of the listing price. Winning bidder will be chosen by lottery. The 50 percent discount will be applied at closing. Teachers must be employed in the school district that they purchase a home in under the Teacher Next Door Program. More information on this program can be found at http://www.hud.gov/offices/hsg/sfh/reo/goodn/main.cfm

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Being a real estate broker takes on the form of leadership. The agent/broker role is to lead the client through the home purchase or sales process and serving them with the highest customer service standards. Crescent Moon Realty, Inc & Land N Sea Auction goal is to help the client achieve as many of their goals as possible - so that both parties feel that they are in a win-win.

Find out the benefits to selling or buying a home traditionally or non traditionally ---Contact us @ 1-760-650-2157 Or visit our websites @ www.LandNSeaAuctions.com or CrescentMoonRealty.biz.

Lorraine or Loretta

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Topic:
Home Buying
Location:
California San Diego County
Groups:
Auctioneers Working With Realtors
Real Estate Auctioneers
Realtors®
SRES
"Whacked"!!!
Tags:
hud
buyers program
teachers
law enforcement
discount

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Rainmaker
1,177,668
David Saks
Memphis, Tennessee
The Real Estate Mart of Tennessee, Inc.

Great info. This is a fine program. Creates affordability. Thanks for posting.

January 11, 2010 11:10 AM
Rainmaker
486,913
Lorraine or Loretta Kratz
Certified Negotiation Consultants
Crescent Moon Realty, Inc. & Land N Sea Auctions.

David:

Thanks for stopping by. I hope more teacher and law enforcement personnel take advantage.

January 11, 2010 11:44 AM
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Rainmaker
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Lorraine or Loretta Kratz

Certified Negotiation Consultants
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