The HUD Lottery Program (50% Discount)

From time to time HUD sells their homes under the Good Neighbor Next Door program, where qualified Law Enforcement, Firefighters, EMT’s and Teachers get 50% off of the list price.

These homes are listed on HUDs website and you can find them by clicking on the tab called Good Neighbor Next Door Program. If no homes come up in your state, then currently there are none available. These homes don’t get listed very often, but when they do you better be ready to throw your hat into the pool because I think this is the best way to buy a home, save money, and have instant equity.

This is how it works: As long as you’re a teacher, EMT, or firefighter that services the area that the home is located, you can submit an offer to buy the home. There is no price negotiation and you (and your spouse) cannot have owned a home in the past 12 months. If you’re in Law Enforcement then the home can be anywhere in your city.

Again, if you have any questions please feel free to contact me through my website.

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