«We really felt our agent listened to us and tried to understand what we wanted,» says Marlena Bradshaw, who bought
a vacant foreclosed house in Ingalls, Ind., last year.
Not exact matches
Last year, a yearlong investigation by Newsday and News 12 Long Island found Long Island municipalities had spent at least $ 2.3 million to clean, board up and demolish
vacant,
foreclosed houses in 2014.
The homeowner relief from Bank of America will target low - income communities where many residents have mortgages insured by the Federal
Housing Administration, and includes plans to turn over
vacant foreclosed properties to land banks and municipalities, and to chip in toward their repair or demolition.
Moe Veissi, the 2012 President of the National Association of Realtors, sent a letter to Shaun Donovan, Secretary of
Housing and Urban Development (HUD) requesting that investors be permitted to participate in the Federal
Housing Administration's (FHA) Section 203 (k) Rehabilitation Mortgage Insurance Program to purchase
vacant and
foreclosed properties in need of significant rehabilitation.
Even though the Trust's mission is to facilitate the transfer of
foreclosed and abandoned residential properties to local
housing groups, Nickerson recognizes that «a neighborhood won't be stabilized if you have to walk by
vacant retail space or a deteriorating apartment building to get there.»