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Ann, Home Buyer in Monroe, MI

HUD Good Neighbor Next Door Program purchase? HUD homes are available in my area, but does the HUD home have

Asked by Ann, Monroe, MI Fri Mar 28, 2008

to be in a HUD revitalization zone for the teacher, police officer, etc., to get the 50% discount on a listed HUD home? I did contact the Detroit office with no results. Thanks, Ann, Monroe, Michigan

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We have been dealing with GNND homes for over 9 years. We promote the program all over the united states and have agents in every state to help everyone around the country. Please go to http://www.goodneighbornextdoor.us We have put over 900 police, teachers, fire fighters and emt's into these homes. No one knows more lenders or has more experience in this program. Our Agents find listings that managing companies miss and have them listed.
1 vote Thank Flag Link Thu May 7, 2009
I have written a book called "How to Buy a HUD Home'. Go to my website http://www.Find-A-HUD-Home-Today.com. There is no cost for the book.
1 vote Thank Flag Link Thu Nov 27, 2008
Yes to get the 50% discount the HUD home has to be in a HUD designated Revitalization Area.
0 votes Thank Flag Link Thu Feb 7, 2013
Ann,

Lisa's previously mentioned web source is one worthy of checking viewing. It is loaded with relevent information and will have ansewers to your questions.

http://www.hud.gov/homes/index.cfm

Good luck
0 votes Thank Flag Link Sun Feb 15, 2009
I'm copyin what I wrote earlier--

yeah, it's confusing, i know a gal
in denver who did it and she's pretty happy. you are correct in that the rule - that the house must be in the district in which you works- completely exempts many teachers bcs there may not be a single "revitakization" area in their school district.

The gal in Denver DID tell me however, that there is a little-known rule that if you have even ONE student at your school from another district, then you are eligible to buy a house in that district as well- as long as they have a revit area as well. (which actually makes sense when you read the requirement that your district must serve students where the house is located ) so any kids attending monroe from out of area would be a potential new well of houseing possibiliities...last I looked, almost all of Detroit was a revit area! here in LA, there are rarely houses avail yet (just wait....) IT IS frustraing--they don't make it easy here in LA to get info. I made calls literally for hours and hours and finally thru a fluke- got the right person to talk to at the local HUD office or whatever. the guy told me an agent HAD to handle it..best....pj
0 votes Thank Flag Link Sun Feb 15, 2009
I'm copyin what I wrote earlier--

yeah, it's confusing, i know a gal
in denver who did it and she's pretty happy. you are correct in that the rule - that the house must be in the district in which you works- completely exempts many teachers bcs there may not be a single "revitakization" area in their school district.

The gal in Denver DID tell me however, that there is a little-known rule that if you have even ONE student at your school from another district, then you are eligible to buy a house in that district as well- as long as they have a revit area as well. (which actually makes sense when you read the requirement that your district must serve students where the house is located ) so any kids attending monroe from out of area would be a potential new well of houseing possibiliities...last I looked, almost all of Detroit was a revit area! here in LA, there are rarely houses avail yet (just wait....) IT IS frustraing--they don't make it easy here in LA to get info. I made calls literally for hours and hours and finally thru a fluke- got the right person to talk to at the local HUD office or whatever. the guy told me an agent HAD to handle it..best....pj
0 votes Thank Flag Link Sun Feb 15, 2009
I'm copyin what I wrote earlier--

yeah, it's confusing, i know a gal
in denver who did it and she's pretty happy. you are correct in that the rule - that the house must be in the district in which you works- completely exempts many teachers bcs there may not be a single "revitakization" area in their school district.

The gal in Denver DID tell me however, that there is a little-known rule that if you have even ONE student at your school from another district, then you are eligible to buy a house in that district as well- as long as they have a revit area as well. (which actually makes sense when you read the requirement that your district must serve students where the house is located ) so any kids attending monroe from out of area would be a potential new well of houseing possibiliities...last I looked, almost all of Detroit was a revit area! here in LA, there are rarely houses avail yet (just wait....) IT IS frustraing--they don't make it easy here in LA to get info. I made calls literally for hours and hours and finally thru a fluke- got the right person to talk to at the local HUD office or whatever. the guy told me an agent HAD to handle it..best....pj
0 votes Thank Flag Link Sun Feb 15, 2009
Joe,
Your best bet is to go to HUD.gov and look up what county you want to live in. To get the GNND program, your city/county has to be a 'revitalization zone'. That is the huge kicker right there. Teachers, cops and service people = good luck, because there are hardly any areas that are Revitalization zones. Maybe Detroit, I think in Pontiac, but the smaller towns, don't want to have the 'revitalization label', although hundreds of their service people would chose to live where they work, but can't afford a home with service pay. Go to HUD.gov that is the main source for this type of information. Also, MCB is the company that services HUD homes in Michigan. Big hold up on listing hud homes; transfering from one brokerage to this new one. Every Friday, they list homes by city/county. IF the home IS in a revitalization zone, you as a teacher/cop can get the home at 50% off,. But it is pretty crushing when this program is available and your city won't participate in it! I also talked with Habitat for Humanity, they too have problems with local governments, trying to secure monies for revitalization through HUD. Politics and image. So, homes sit vacant and these homes are 10K to 50K out of budget, for cops and teachers. Keep watching Trulia, lately homes that are around 100K drop, in about two months down to about 50K, then again, another month, down to about 40K. The forclosure situation is an option for buyers, who want to buy something affordable.
Good luck.
0 votes Thank Flag Link Sat May 24, 2008
Ann, were you able to find any sites/resources for finding which HUD homes are available through the GNND program? It is so hard to find anything out online Every website just links me to another site and no where does it say which homes are included. Thanks
-Joe
0 votes Thank Flag Link Sat May 24, 2008
Lisa,
Wow, you know your stuff! It just such a maze of information and trying to figure things out with all the different standards, postings, etc., I have not given up, if I can do this, what a long-term financial bonus! Really to anyone that can participate with the GNND program, this is a fabulous opportunity. Yes, I saw this morning, MI and OH HUD homes have no contacts, one website directs you back to the other site - somebody help out MI and OH!
So you state specifically you must teach in that district - that may be my problem - I teach within the county, not the actual school district. My school district is very rural, and I would rather live in a city, where the HUD homes are located.
Well, thanks so much, I will re-read that link. Bidding Power to you! Ann
0 votes Thank Flag Link Mon Mar 31, 2008
My own questions about the GNND program are never-ending, too! Don't confuse the $1 program and the GNND program; a HUD house does not equal a GNND house. The Good Neighbor Next Door program allows teachers, police officers, firefighters and EMTs to purchase homes at 50% off the list price. Check out another state's listings for clarification perhaps, since MI's aren't up. You'll see that houses are often grouped under some "special programs" listing, but they are each labeled differently. There are times that a house is available to non-profits/government and the GNND population. I read in the HUD literature somewhere that a maximum of 5% of houses in revitalization areas will be designated as HUD homes.
Also, houses don't sit on the $1 list and then go to GNND- it's the other way around. New houses up for sale through HUD that have been designated GNND are listed (on Friday in Colorado), bid lottery results are announced on Wednesday, and any houses that didn't receive bids are then placed on the regular HUD listings.
Here in Colorado, there are anywhere from 0 to 12 GNND houses listed every week, across the state. We've bid on 2 but were not selected as the lottery winners. We've been looking at houses through this program for about 6 months. This program is a wonderful deal for teachers, but you have to be patient, and there are a lot of caveats to be eligible (you can't have owned a home for 1 year, the GNND home must be located in your school district, you must live in the home for 3 years, you can only bid on the property via a HUD approved real estate agent, etc).
HUD revised the program in 2006, combining the Teacher Next Door/Officer Next Door program into the GNND, and adding some other changes. Try the link to read about them all.
0 votes Thank Flag Link Mon Mar 31, 2008
HUD GNND Program answer people thanks! My never ending questions keep coming - MI HUD homes are handled by a legal firm, I get this, for bidding. What I don't get is this - through this listing service, HUD homes on the market for a time, automatically go into the GNND program to the local government for $1.00 only -- a home sits at this status on their listing sight for weeks - Why does the home go to the local gov for $1.00? AND at what point can a teacher bid on a that home? If it is stated as a $1.00 to the local gov through GNND, would that not indicate that the home is a GNND home at some point? My area is not a revitalization zone, so why would the home be offered to the local gov for $1.00$ Do I as a teacher, working in that area have a chance at bidding on this or a home through the GNND for $1.00? - or the 50% discount - there is never a mention of teachers/police officers - just the GNND to the local governent - the real estate person, only states they know it is a HUD home - are they trying not to sell this at the discount?Super thanks to anyone who can explain this!! Ann - Monroe, Michigan
0 votes Thank Flag Link Mon Mar 31, 2008
Anyone can place a bid on a HUD home. If you fit the criteria your bid may be placed in front of others. I have worked with HUD homes for many years. Don't get disappointed if the first bid wasn't accepted.
0 votes Thank Flag Link Sun Mar 30, 2008
We're trying to purchase a home through this program in Denver. I believe that GNND homes must be located in revitalization zones, and must be designated as a GNND home. Listings are posted online weekly, are available for 5 days and if more than one bid is received, the winner is chosen by random lottery. Unfortunately, the link for listings in MI indicates another company is handling the HUD listings, but that doesn't seem to be the case (each company refers visitors to the other...). If you want to know more about listings in your area, try calling 1-800-CALLFHA. Best of luck!
0 votes Thank Flag Link Sun Mar 30, 2008
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