EMS Practitioners Can Qualify for Homes at 50 Percent Off
2/17/2012 4:50:42 PM
NAEMT would like to make members aware of a program that lets EMS practitioners qualify for homes at 50 percent off. Under the Good Neighbor Next Door (GNND) program, HUD offers certain single family properties for sale to EMS practitioners and other public servants at 50 percent off of the list price so they can contribute to community revitalization while becoming homeowners. In return, you must commit to live in the property for 36 months as your sole residence.
How the program works: Eligible single family homes located in revitalization areas are listed exclusively for sale through the program. Properties are available for purchase through the program for five days.
How to participate: Check the listings for your state. Follow the instructions to submit your interest in purchasing a specific home. If more than one person submits on a single home, a selection will be made by random lottery. You must meet the requirements and comply with HUD's regulations for the program.
HUD requires that you 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 changes weekly. Learn more at www.hud.gov.
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