 | H.U.D. HAS ANNOUNCED A NEW PROGRAM AVAILABLE FOR SCHOOL TEACHERS AND POLICE OFFICERS. THIS PROGRAM WILL PERMIT TEACHER AND POLICE OFFICERS THE OPPORTUNITY TO PURCHASE A H.U.D. FORECLOSURE SALE IN SELECTED ZIP CODES AT A 50% DISCOUNT FROM FAIR MARKET VALUE. |
| THERE ARE TWO WAY TO PURCHASE A HOME USING THIS PROGRAM. THE FIRST INVOLVES VIEWING THE HOMES DESIGNATED AS OFFICER/TEACHER HOMES. THEN, IF INTERESTED EACH PROSPECTIVE BUYER STATES THEIR INTENT TO PURCHASE THE PROPERTY NO LATER THEN TUESDAY AT 11:59 PM. EACH PROSPECTIVE BUYER IS ENTERED INTO A LOTTERY. THE LOTTERY WINNER GETS THE PURCHASE THE HOME AT 50% OF MARKET VALUE (AS DETERMINED BY H.U.D.) |
| THE SECOND WAY IS TO BID ON ANY H.U.D. PROPERTY IN THE DESIGNATED ZIP CODES (SEE LIST BUTTON). IF THERE ARE NO OTHER OFFERS ON THE PROPERTY THEN ANY OFFICER/TEACHER MAY PURCHASE THE PROPERTY AT A 50% DISCOUNT. |