With the continuous economic crisis the nation is experiencing, more and more families are faced with foreclosures, even putting them at risk of becoming homeless.
The Bail Out the People Movement staged a rally against an auction by Real Estate Disposition Corp. of foreclosed homes and possibly tax foreclosure properties in Manhattan.
Colorado Governor Bill Ritter has received a $34 million federal grant under the Housing and Economic Recovery Act of 2008 to help abate the flood of foreclosures in the state.
First-time homeowners who purchased their homes in 2008 feel unfairly excluded from the $8,000 tax credit given to first-time homeowners in 2009. Similarly, homeowners who lost their homes to tax foreclosures are also unfairly excluded from federal assistance.
A county in Florida has outpaced other local governments in purchasing bank and foreclosed homes HUD. It also bested other areas in providing down payment and closing cost assistance.
Oakland plans to fully utilize funds from the federal housing rescue package to rehabilitate the city’s blighted neighborhoods due to California foreclosures.
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