School Teacher trying to buy a HUD home

[anifani821]

My opinion is - if people who qualify for these programs would take advantage of them and move in - even if the neighborhoods are experiencing some problems AT THIS TIME, having responsible homeowners move in could turn around the whole situation in those neighborhoods. I think this is a great way to secure a home while doing this city a great service - taking back control of neighborhoods that may fall into the hands of investors who do not always have the best interests of the neighborhood at heart. Not saying this is always true! But responsible homeowners - especially when the mix in the neighborhoods include LE as well as FD and teachers . . . seems everyone could work together to "re-claim" the neighborhoods . . . and if there is currently any crime - run the thugs out. Neighbors joining together can make the turnaround in so many of these neighborhoods, wh/ often offer really cute homes in convenient locations. I hope people will look into these programs and work hard to secure a home. Good for the buyers, good for the lien holder and good for the communities.

[theteacher]

I bought a HUD home through the GNND program and it was great! The first house we looked at was to dream for. The second house we looked at was a disaster, but the third house we looked at was PERFECT! Hope the best.

[stennant]

The good neighbor next door program does have several homes in Charlotte that are in good areas. This program is really a good program for you teachers out there and can save you quiet a bit of money. Moderator cut: soliciting not permitted

[marilynthayer]

I'm curious...do you have information on the incentive offered to teachers who buy HUD housing in Charlotte? My son is a teacher as well and is considering buying a house v. renting. If you have any information on that incentive, I would like to hear about it.
Thanks
Marilyn

marilynthayer@verizon.net

[lacey3eb]

does anyone know if school counselors can qualify for this program? the site lists teachers, firefighters, and emt workers specifically...but as a school counselor i am on a teachers pay scale serving the same k-12 population. i emailed our HUD department for an answer, but they haven't replied yet. maybe someone with knowledge about the GNND program or a realtor here can answer for me. thanks!

i was looking at the houses listed 2 weeks ago and there was a 28277 townhouse listed right near elm and ballantyne commons...not exactly a ghetto area! sweet deal.

[ropes41]

I am not sure if you still need help with your questions being that you posted them months ago, but I am a teacher, and although I was not lucky enough to get a HUD home because I bought a house right before the program started, my brother and a good friend of ours both purchased HUD homes. Sometimes there are in rougher neighborhoods and sometimes they are not. Sometimes the houses are in bad shape, and sometimes they are not. You really just need to check each week and see what's available. I know my one friend found and got a house within two weeks of the program, but my brother had to wait about 4 months before he finally got the house of his dreams. ;-) As for the schools you mentioned, it's really difficult to answer your questions as a whole. I would recommend pulling up each school on the website and you should be able to look at school data and leadership surveys. That might help you with your decisions. There is a lot going on in CMS right now with low performing schools and it's going to be a interesting few years.

[johne482]

It's true that if you eliminate a house because of a zip code I don't think you will ever find one that meets ALL of your parameters. One of the things I have learned about CLT is not only are areas of a zip code different from each other, but houses on a single street can have quite a bit of difference between them

I have bought houses in each of the zip codes you mentioned. Not as a teacher, cop etc but as an investor.If you need some help or tips about buying a HUD house I will try to help--(I am NOT a real estate agent)

[theteacher]

For the school counselor, you can contact the local HUD office or HMBI to see if you qualify. I hope you do.

OMG! Please buy a HUD home if you can. We closed on ours in April. Don't look at zip code either because my husband and I excluded zip codes but when we mapquested them later, some were in desirable locations. We kicked ourselves in the butt later. We still were able to get a home in 28269 near Huntersville where I work so we were happy. Our mortgage with EVERYTHING included (hoa, insurance,etc) is in the $500s!!! We live in a nice neighborhood-not the best-but very safe and comfortable for a family. Direct message me if you need info about the agent we used to put our bid in and fill out the paperwork. She was wonderful and basically did everything for us! Hope everything works out.

[lacey3eb]

Originally Posted by theteacher

For the school counselor, you can contact the local HUD office or HMBI to see if you qualify. I hope you do.

OMG! Please buy a HUD home if you can. We closed on ours in April. Don't look at zip code either because my husband and I excluded zip codes but when we mapquested them later, some were in desirable locations. We kicked ourselves in the butt later. We still were able to get a home in 28269 near Huntersville where I work so we were happy. Our mortgage with EVERYTHING included (hoa, insurance,etc) is in the $500s!!! We live in a nice neighborhood-not the best-but very safe and comfortable for a family. Direct message me if you need info about the agent we used to put our bid in and fill out the paperwork. She was wonderful and basically did everything for us! Hope everything works out.

thanks! i am going to give them a call tomorrow. i graduate in december, and hope to have a job by fall '09, which is around the time we want to buy a house. i have a feeling though that school counselors won't qualify, but it's worth checking into. as long as i feel safe in a home i am OK, we don't plan on having children for a few years, so school district won't be a factor for us right away.

[theteacher]

Oh yeah for the one that wanted to know about incentives, if an FHA Loan is used, then its only $100 down. We had to put down an earnest deposit of 1% that was credited to the loan.