Image of BestAssets Logo Image of home windows with U.S. flag reflection

LOTTERY

The Direct Lottery Process-for Non-Profits, OND, TND, EMT, and Firefighter

·        Properties are listed every Friday.

·        The properties will stay listed for five (5) calendar days.

·        All lottery offers for the OND/TND/EMT/Firefighter through the Good Neighbor Next
Door Program (GNND) must be submitted through a registered agent with an approved
NAID number. The offers are to be submitted online at the bottom of the individual listings.

·         Clarification of the terms ``closing costs,'' ``selling broker commissions,’ and ``down payment'' 
HUD will not pay a buyer's closing costs on the purchase of a property through the GNND Sales 
Program. Further, HUD has revised the rule to specify that HUD will not pay selling broker 
commissions. The purchaser is wholly responsible for paying all closing costs and selling broker 
commissions under this program. The closing costs are expenses borne by the purchaser to complete 
the sale. The selling broker's commission is one component of the closing costs owed 
by the purchaser.

·        If no lottery offers are received on a property before the 5 day deadline, then the property will be removed from the list and will be made available to the public.

·        After you have completed due diligence, you can submit your intent by clicking the "Intent to purchase" button. The system will assign a random lottery number and a confirmation number of your transmission.

·        In the event that you accidentally submit more than one "Intent" on the same property, the first lottery number (at earlier transmission) assigned to you will be used for the lottery. The lottery numbers will be used to select the winner which is done randomly.

·        The Lottery Results will be posted on Friday morning or as approved by HUD.

·        Please check the Lottery Results to verify whether you have been declared the winner. 

If you are the winner, the deadline to submit a completed and signed sales contract package and all addendums to BestAssets office is the next Thursday at 4:30 p.m. for ND, SD, NE, MN, WI, and IA.

Please call our office toll free at 888-902-2378 and our staff will assist you in answering any questions you have as it pertains to making a lottery offer

For a list of available GNND and NP HUD-home Listings, click on the appropriate State button below. Go to the GNND section in the lower right section and click available properties for sale:

 
BestAssets
501 Marquette Ave., Suite 1200
Minneapolis, MN 55402

Phone: (612) 333-7450
Toll-free: (888) 902-2378
Fax: (612) 312-0001
E-mail: Minneapolis Regional Office


Emergency Contact

Calendar of Events - Industry Meetings - RSVP here
 
 
© 2005 BestAssets. All Rights Reserved.