Currently there are no Teacher Next Door HUD Homes Available in Logan, Utah. To be contacted when one is listed please email Brady Pierce at bradypierce@comcast.net with your contact information.

The U. S. Department of Housing and Urban Development (HUD) wants to make American communities stronger. The Teacher Next Door (TND) program is designed to further this goal by encouraging teachers to buy homes in low and moderate-income neighborhoods within the Logan City School District & any Logan Area Private Schools jurisdictions within the Logan City Revitalization Areas (See map below).

Who can participate?

The TND program is available to any person "Employed full-time by a public school, private school, or federal, state, county, or municipal educational agency as a state-certified classroom teacher or administrator in grades K-12."  Eligibility for the Teacher Next Door initiative requires participants to certify that they are employed by an educational agency that serves the school district / jurisdiction in which the home they are purchasing is located. 

Participants must certify that they are employed either within the Logan City School District or a Logan Area Private School jurisdiction (private schools within Logan) and be buying a home located within the Logan City Revitalization Areas.

Teachers wishing to purchase a home under the TND program must be in good standing with their employer. Your employer must certify that you are a full-time teacher or school administrator. You don't have to be a first-time homebuyer to participate. However, you cannot own another home at the time you close on your TND home. You must agree to live in the HUD home as your only residence for 3-years after you move into it.

Where would these HUD Homes be located?

The TND homes, when available, are found within three areas of the City of Logan: 1) On the west side varying from 600 West to 300 West to Main Street and from approx. 200 North to 1000 North; 2) The west side of Highway 89-91 varying from 100 South to 1750 South and varying from 750 West to 50 West (Areas surrounding Logan River Golf Course to County Fairgrounds to Logan High School); and 3) The east side of Logan starting at 200 East to 500 East and varying north of the Boulevard (above Canyon Road) to 700 North. 

Call Brady Pierce at (435) 787-8351 and he can provide you with a highlighted color map of the Revitalization Areas and his HUD Hunter Program.

Over the last year (2004), of the 22 Logan HUD Foreclosures, only ONE home was within the Revitalization Area - So please be prepared to ACT quickly when one does become available.

How do I participate?

TND property is listed and sold exclusively over the internet. Properties are single-family homes located only within the Logan City Revitalization Areas. Properties available through the program can be located by Brady Pierce through his HUD Hunter Program. To sign up email bradypierce@comcast.net. Your bid must be the amount of the list price. Brady Pierce can be reached at (435) 787-8351 to place your Electonic Bid.

In the event of multiple bids (which almost always happens) HUD randomly selects the winning bid (i.e., Lottery).

You may also buy the home from a government agency or a nonprofit organization that bought the home from HUD (which does not happen very often in Logan, Utah). When an agency or nonprofit buys the house, HUD expects the full discount to be passed on to you.

In all cases, HUD requires that you sign a "Silent Second" mortgage note for the discount amount. No interest or payments are required on this "Silent Second" provided you fulfill the three-year owner occupancy requirement.

What are the benefits for the teacher?

The selected bidder may purchase the property at a 50 percent discount from the list price (which is typically the below the appraised value). For example, if a HUD home is listed for $100,000, a teacher can buy it for $50,000. To make a HUD home even more affordable, you can apply for an FHA-insured mortgage with a downpayment of only $100 and you may finance all the closing costs. If you are first time homebuyer, you could also use Utah Housing Funds that typically has a 1/2 percent lower interest rate over FHA rates.

If the home you want to purchase needs repairs, you may also be eligible to use FHA's 203(k) mortgage program. This program allows you to finance both the purchase of the home and the cost of needed repairs. You have the benefit of one loan for both costs and one monthly payment.

Discuss these financing options with your lender or contact Brady Pierce at (435) 787-8351 and ask for assistance.

Because homes sold through the TND program are located within the Logan City Revitalization Areas there may be additional assistance from state or local government sources. Local or state governments want to encourage families and businesses to move into Revitalization Area neighborhoods. Contact Brady Pierce at (435) 787-8351 for additional information about local resources.

Will HUD Provide a Home Warranty?

No. All TND homes are sold "as is," without any kind of warranty.

Can I Purchase a Duplex?

No. Only single unit homes, townhouses, and condominiums are available through the TND Program.

Is a Deposit Required?

No. If you choose an FHA insured mortgage, such as the FHA 203(b) or FHA 203(k), you only need a $100 downpayment. If you get a conventional mortgage, your mortgage lender sets the amount of the downpayment. You don't have to pay any other earnest money deposits.

Can I Offer Less than the Amount Determined by HUD for a TND Property?

No, you must always offer the exact HUD list price when "bidding" on any TND property.

Can I Sell the Teacher Next Door Home after 3-years and Keep the Profit?

Yes. If you sell the TND home after living in it 3 years, you may keep any profit.

What Happens if I Leave My School, for Any Reason, during the 3-year Required Residency Period?

Nothing, but you must continue to live in the home for the full 3-year required occupancy period or re-pay HUD on a prorated schedule.

Some Schools Have Other Homebuying Programs. Can the Teacher Next Door Program Work Together with These?

Yes, as long as you can meet all the TND program rules while participating in these other programs.

How Does HUD Enforce the 3-year Residency Requirement?

In the beginning, and once a year thereafter, you must certify that you are living in your TND home as your only residence. HUD will conduct "spot checks" to guarantee program compliance.

What Happens if I Don't Honor the 3-year Residency Requirement?

First of all, depending on the circumstances, HUD could demand re-payment of the discounted amount in full, or, on a prorated basis. The pro-rated re-payment is 90 percent of the discount during the first year, 60 percent during the second year, and 30 percent during the third year. Additionally, administrative action could be taken including, but not limited to, denial of further participation in any HUD/FHA programs, as well as other Federal programs.

Of course, in any case of fraud or abuse, there will be referral to HUD's Office of the Inspector General for investigation and possible criminal prosecution. Your employing school may also be notified. Criminal prosecution and conviction for fraud and abuse concerning the TND Program could result in a fine of as much as $250,000 and/or two years in federal prison.

HomeBased Realtors is an authorized selling broker for HUD -- Equal Housing Opportunity.

Brady Pierce can be reached at (435) 787-8351.

Logan City Revitalization Areas (Click to Enlarge Map):

 *All information deemed reliable and subject to change without notice.