MY GOVORIM PO-RUSSKI
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Government and Bank Owned Homes
Hello and Thank you for visiting our site, Please Let us know if you any questions or need any help navigating any of these sites.
To Browse the First Preston Site: After clicking onto their Logo from our site, you will then need to go to Home Buyers area on the left and then click on Property Listings, when the property listings page opens up you will then need to select the State in which you want to view properties. Select Missouri and then you will need to select the City or the County in which you wish to search for a home. This will show you all of the homes in these Cities or Counties, you can also narrow you search by entering the price, number of bedrooms, baths, etc.. It has been my experience that only a few homes are available in most of the smaller Cities, though the bigger cities can have 10-15 or maybe more at any given time.
Feel free to call us for more information and more details on how to better be able to find the type of home or property that you are looking for, We look forward to working with you and we Hope that you are able to accomplish all of your Real Estate Goals and Dreams...
Officer/Teacher Next Door Program
One of HUD's Special Sales Program under the Good Neighbor Initiatives is the Officer Next Door/Teacher Next Door (OND/TND) program. The OND/TND Programs offers HUD-owned, single family homes that are located in HUD designated Revitalization Areas will be made available to Law Enforcement Officers and Teachers at a 50 percent discount of the last listed price. When a law enforcement officer or teacher chooses to use an FHA-insured mortgage the down payment is $100. When a governmental agency of nonprofit organization is the purchaser, HUD expects that the full discount will be passed on to the law enforcement officer or teacher. Officer Next Door/Teacher Next-Door program participants are required to own and use their property as their sole residence for at least three (3) years. Participants agree to execute a second mortgage and note which will be for the amount of the discount which HUD can call at a later date if the buyer fails to re-certify. During the entire term (3 years), the buyer may NOT own ANY residential real property other than the OND/TND home. Failure to comply with this (or any OND/TND) requirement may result in the remaining balance of the second mortgage becoming immediately due and payable. The officer or teacher must submit a contract bid of 100 percent of the listing price. Winning bidder will be chosen by lottery. The 50 percent discount will be applied at closing. Teachers must be employed in the school district that they purchase a home in under the Teacher Next Door Program. More information on this program can be found here.
Firefighter / Emergency Medial Technicial Next Door Program
Effective November 1, 2005, HUD announced the eligibility of firefighters and emergency medical technicians to purchase HUD acquired homes located in HUD designated revitalization areas at a discount, in accordance with HUDŐs regulations for the Officer/Teacher Next Door (OND/TND) Sales Program. Inclusion in the OND/TND program is designed to help more firefighters and emergency responders become homeowners, and will further the goals of the OND/TND Sales Program to accelerate the revitalization of America's cities by promoting the integration of dedicated role models and mentors into the community.
Government-Backed Home Loans
If you are in the market for a mortgage but feel you are too financially unstable to get one that you can afford, you should consider a government-backed loan. The U.S. Department of Housing and Urban Development offer a wide range of mortgage programs that make getting a new home loan achievable for most individuals. Options include applying for an FHA-insured mortgage with a basement down payment and financing all of the closing costs. These government-backed loans are often much more affordable than traditional lending options, providing that you meet some basic criteria including a required residence term and professional affiliations.
Firefighter/EMT. New home loans are available if you're employed as a full-time firefighter or emergency medical technician for federal, state and local governments.
Officer. Mortgages are available for law enforcement personnel employed full-time by a Federal, state, county or municipal government; or a public or private college or university.
Teacher. This home loan program encourages teachers to buy homes in low and moderate-income neighborhoods.