Nationwide REO Brokers
Local REO Property Listings
The following links have been provided to make your REO & Forclosure property search easier. If you have any questions or if you're interested in acquiring any of these listed properties, Please contact me or call me at 901-292-9972. I can assist you with any REO or Foreclosed home even if it's listed by another agent or real estate company.
HUD Good Neighbor Next Door Program
The Neighbor Next Door initiatives are a collection of FHA's home sales programs designed to help communities and promote homeownership.
Help a neighborhood! Buy a home through HUD's Good Neighbor Next Door initiative designed to encourage renewal of revitalization areas by providing law enforcement officers, firefighters, emergency medical technicians and teachers an opportunity to purchase homes in these communities. HUD provides a substantial incentive in the form of a fifty percent discount off the list price of eligible properties. 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 sales through the Good Neighbor Next Door Sales program. Properties are available for purchase through the program for five days.
How to Participate in Good Neighbor Next Door
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 for a law enforcement officer, teacher, firefighter or emergency medical technician 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.
Additional discounted sales programs allow local governments and qualified nonprofit organizations to purchase homes at a discount. These are referred to as dollar homes and sales to nonprofits.
If you have any questions or if you need additional information about any of these special programs, please contact me or call me at 901-921-4734.