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FHA Loan - Teacher Next Door Program

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    FHA Loan - Teacher Next Door Program

    Can anyone give me more insight on the FHA Teacher Next Door Program?

    Thanks!

    #2
    Originally posted by score_recovery View Post
    Can anyone give me more insight on the FHA Teacher Next Door Program?
    Check out these online resources about the program -





    Hope this helps!
    I am not a lawyer and this is not legal advice nor a statement of the law - only a lawyer can provide those.

    06/01/06 - Filed Ch 13
    06/28/06 - 341 Meeting
    07/18/06 - Confirmation Hearing - not confirmed, 3 objections
    10/05/06 - Hearing to resolve 2 trustee objections
    01/24/07 - Judge dismisses mortgage company objection
    09/27/07 - Confirmed at last!
    06/10/11 - Trustee confirms all payments made
    08/10/11 - DISCHARGED !

    10/02/11 - CASE CLOSED
    Countdown: 60 months paid, 0 months to go

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      #3
      My daughter bought one. It took a year to get into, because of repairs.

      It was a zoo.

      At the end result, she's going to make a lot of money. She put the second half of the value into a loan, but she bought in the right area, so the house has gone up.

      Bad news: It's really hard to win one, and they're always in need of major repair.

      Good News: the money for repairs is FHA cheap, and you can use it to make your home brand new!

      Good luck!
      Elf

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