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2. Good Neighbor Next Door program: What it is and how to apply

   www.aol.com/finance/good-neighbor-next-door...

   So, if you receive a $50,000 discount on a $100,000 home and sell it after 18 months, HUD will take $25,000 — half the discount — from the proceeds of the sale. You’re competing with other ...

3. United States Department of Housing and Urban Development

   en.wikipedia.org/wiki/United_States_Department...

   August 10, 1965 – The Housing and Urban Development Act of 1965 instituted several major expansions in federal housing programs. September 1965 – HUD is created as a cabinet-level agency by the Department of Housing and Urban Development Act. April 1968 – The Fair Housing Act is passed to ban discrimination in housing.

4. Real Estate Settlement Procedures Act - Wikipedia

   en.wikipedia.org/wiki/Real_Estate_Settlement...

   The Real Estate Settlement Procedures Act (RESPA) was a law passed by the United States Congress in 1974 and codified as Title 12, Chapter 27 of the United States Code, 12 U.S.C. §§ 2601 – 2617. The main objective was to protect homeowners by assisting them in becoming better educated while shopping for real estate services, and eliminating ...

5. HUD-1 Settlement Statement - Wikipedia

   en.wikipedia.org/wiki/HUD-1_Settlement_Statement

   The reference to 'HUD' in the form's name refers to the Department of Housing and Urban Development. Federal regulations require that unless its use is specifically exempted, either the HUD-1 or the HUD-1A, as appropriate, must be used for all mortgage transactions that are subject to the Real Estate Settlement Procedures Act. Prior to October ...

6. How to prepare for FHA appraisal requirements - AOL

   www.aol.com/finance/prepare-fha-appraisal...

   An FHA appraisal is a home appraisal that involves an FHA-approved professional evaluating a home to determine its market value. This step is required by lenders during the FHA mortgage process to ...

7. Teachers are struggling to buy homes — here’s where to turn ...

   www.aol.com/finance/teachers-struggling-buy...

   50% off the listing price! The Good Neighbor Next Door, sponsored by the US Department of Housing and Urban Development, or HUD, is a federal program that provides a 50% discount on selected homes ...