EDIT: ANY FORCLOSED HOME THAT IS VACANT.
My featured post this morning provided the particulars for Arizona's allocation of the HUD NSP1 funds, but money has been allocated NATIONWIDE for this program. The program likely can benefit YOU.
MISCONCEPTIONS THAT COULD KEEP YOU FROM BENEFITING
- Misconception #1: Since this is a HUD program, the eligible properties have to be HUD owned.
FALSE! The properties must be foreclosed and vacant. That's it.
- Misconception #2: We don't have many foreclosures in our neck of the woods, so there's probably nothing in it for me.
FALSE! Every state, and the territories (see map below) has an allocation of money for this program.
Click the link below the map (on the left) to check it out for your State, county and/or city.
CLICK HERE TO view list of states
Here's a link to the first post:
Stimulus Money To Purchase Primary Residence. 22% Second Mortgage. Zero Interest Rate. Call Your REALTOR! (1 of 3) - 07/25/09 05:33 AM
The details are below. This is the first program I've seen that really, really helps do two things:
Get foreclosures out of circulation and off the market. Stimulate buyers to buy now. HUD's Neighborhood Stabilization Program provides for 22% of the purchase price to be subsidized with a ZERO interest second ... (25 comments)