Good Neighbor Next Door 
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Good Neighbor Next Door Financing Colorado
Sunday, February 14th, 2010 at 11:16am. 443 Views, 0 Comments.
The Good Neighbor Next Door (GND) Program is a HUD designated housing program for police officers, teachers, fireman and EMT's. Homes are located in revitalization aeas and are offered at a 50% discount from the list price. The buyer is required to live in the home for 36 months and HUD places a silent second behind the first mortage.
There are nuances to the Good Neighbor Next Door Program and is unlike a standard real estate transaction. I would strongly recommend that you interview both your Realtor and loan officer to make sure that, you- the buyer, do not lose the transaction or possibly end up paying unnecessary cost. HUD places deadlines that have to be met and will release a property to the next offeror if dates are not met.
The most common…