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Loan Modification

: Loan Modification & Home Loan News

Communities to get first shot at foreclosed homes

By Moe Bedard

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WASHINGTON ? Major mortgage lenders will now give state and local governments the right to buy foreclosed properties before they go on the market, giving them “a leg up” on speculators who have often thwarted local redevelopment efforts, Housing Secretary Shaun Donovan announced Wednesday. The First Look program will give communities a 48-hour heads up [...]

Full post as published by Loan Modification & Home Loan News on September 02, 2010 (boomark / email).

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