The Good Neighbor Next Door Program is great news for Law-Enforcement Officers, Firefighters/EMT and Teachers! HUD wants you to purchase a home and help a neighborhood at the same time! HUD is offering a substantial incentive to those eligible buyers to contribute to the improvement of communities on Long Island and across the country. HUD is offering a 50% discount on the list price of any home located in revitalization areas. The homes are listed exclusively through the GNND Sales Program for only 5 days. See the FAQS to find out if you qualify.
HUD approved homes in revitalization areas are listed exclusively for sale through the GNND program for 5 days. Check the Listings. Contact us to view the home. If you bid on a home and are selected by HUD you will be required to sign a “silent second” mortgage and note for the discounted amount. If you stay in the home for the required 3 years (36 months) no interest or payments on this second mortgage will be charged to you. More information about HUD Homes is available at their website.
The number of properties available is limited and the list of available properties changes weekly. Realty Executives North Shore is an Approved Listing Broker for HUD Homes on Long Island. If you want to be on our email alert list for HUD homes, including the Good Neighbor Next Door Homes, please send an email to HUDHomes@CherylGrossman.com. Please indicate if you qualify for a GNND Home. If one comes up we’ll be sure to let you know. We’ll email you when any of our HUD listings come on the market.