HUD Homes

[Danielle Hayes-Ward]

Hi, so my fiancé and I are planning to purchase a HUD home in nj since we can utilize the "Good Neighbor" option where we'll get 50% off the asking price (because he's an officer). I think this would be a good choice as our first investment property. Of course repairs will be needed but considering a low mortgage from the discount, it should be a good move. Any thoughts or suggestions about HUD homes?

[Mark Ferguson]

Danielle,

I am not sure if you know this, but not every HUD home is eligible for good neighbor. Only certain random homes area. In order to find them go tot hudhomestore.com, click on good neighbor next door program in the middle of the big blue box. Then click on your state on the map and it will pull them all up. Last I checked there were 0 in Colorado. I would estimate about 2% of HUD homes are eligible.