HUD’s Good Neighbor Next Door Sales Program

In an effort to both strengthen distressed urban communities and reward local public servants, HUD launched the Good Neighbor Next Door Sales Program (GNND). This program offers pre-kindergarten through 12th grade teachers, law enforcement officers, firefighters, and emergency medical technicians the opportunity to purchase a single-family home at 50 percent of the list price, as …

Continue reading ‘HUD’s Good Neighbor Next Door Sales Program’ »

HUD is Here to Help!

The Department of Housing and Urban Development (HUD) is a government entity that helps both cities and individual homeowners across the country. HUD can help you buy a home, but it’s a little known fact that HUD can also help you improve your home. Buying a home can be a difficult process, but what if …

Continue reading ‘HUD is Here to Help!’ »

Closing delays costly when buying new home

Q: I have signed a contract to purchase a newly built home. The homes have been on the market for 420 days. My lender is having issues meeting the closing date agreed upon, and now the builder is charging me $300 per day for each day closing is delayed. Do I have any legal recourse …

Continue reading ‘Closing delays costly when buying new home’ »

Pending Home Sales at Highest Level Since March 2007

“The Pending Home Sales Index (PHSI) jumped 5.2 percent in October to 104.8, its highest level since March 2007, the National Association of Realtors (NAR) reported Thursday. Economists had expected a smaller increase to 100.5.  The September index was revised up to 99.6 from the originally reported 99.5. On Wednesday, the Census Bureau and HUD …

Continue reading ‘Pending Home Sales at Highest Level Since March 2007’ »