Half-Price homes for Teachers & Law Enforcement Officers

Last Updated (Tuesday, 30 November 1999 00:00) Written by Administrator Saturday, 30 May 2009 21:21

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 the 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</ a> to learn more about Mike. Author: Mike Bradley

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