Half-Price homes for Teachers & Law Enforcement Officers

By: 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.

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