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Real Estate & Property Law

: Housing Wire

BofA Selling REO to State, Local Governments

By DIANA GOLOBAY

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Bank of America’s (BAC: 11.27 -0.27%) home loan business segment will sell foreclosed and bank-owned properties to municipalities as part of its effort to “stabilize communities hardest hit by foreclosures,” according to an announcement Wednesday. State and local governments receiving grants through the US Department of Housing and Urban Development’s Neighborhood Stabilization Program (NSP) may now [...]

Full post as published by Housing Wire on May 28, 2009 (boomark / email).

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