HUD Articles

If you are a full time law enforcement officer, teacher, fire fighter and emergency medical technician (EMT) this is the program for you! You have the opportunity to contribute to community revitalization through HUD’s Good Neighbor Next Door Sales program.

The U.S. Department of Housing and Urban Development (HUD) has created a generous incentive for home buyers who participate in the program. HUD wants to strengthen neighborhoods around the country, make homes more affordable for people who give back to their community and build a safer nation, while promoting home ownership to buyers.

Participants will receive a discount of 50 percent from the list price of the home. In order to receive this discount, home buyers must commit to live in the property for 36 months as their sole residence (Owner Occupant).

Eligible Single Family homes located in revitalization areas are listed exclusively for sale through HUD’s Good Neighbor Next Door Sales program. Properties are available for purchase through the program for seven days.

To participate, buyers can check the listings in your state that are listed through the program. Once a buyer finds a property they are interested in, they are able to submit their interest. If more than one buyer submits their interest in the same listing, the selection will be made by random lottery. Potential buyers must also meet the requirements for a law enforcement officer, teacher, firefighter or emergency medical technician and comply with HUD’s regulations for the program.

HUD requires that buyers sign a second mortgage and note for the discount amount. No interest or payments are required on this “silent second” provided that you fulfill the three-year occupancy requirement. The number of properties available is limited and the list of available properties change weekly.

In order to be eligible for the program, buyers must be represented by a licensed real estate broker or agent. Showcase Realty specializes in HUD sales in the Charlotte area and can help potential buyers participate in the program.

Buyers can call Showcase Realty for more information and learn how one of our top Charlotte real estate agents can help them in purchasing their HUD home. 704-997-3794.