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HUD Awards $4B to Buy and Fix Foreclosed Properties

Posted on March 27, 2009 by IC N in Finance

The Department of Housing and Urban Development has completed the process of allocating $4 billion to states and communities for the purchase and renovation of foreclosed properties. Another $2 billion in neighborhood stabilization funds will available soon. “These funds will be used to buy up and rehabilitate vacant foreclosed homes and resell those homes with […]

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