18 Feb 2008 04:37:51 | Mike Bradley
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.
About Author :
Mike Bradley is the Broker/Owner of Metro Brokers Eagleview
Properties in Littleton, Colorado. He is an Accredited Buyer
Representative (ABR) and specializes in using the Internet to
help clients buy and sell homes. Visit http://www.MikesClients.com to learn more about Mike.
