Arizona Real Estate News Access
All the real estate and mortgage news you need to know in Arizona
Categories:

Archives:
Meta:
April 2024
S M T W T F S
« Oct    
 123456
78910111213
14151617181920
21222324252627
282930  
05/30/09
Bank of America Home Loans Announces New Program to Help Municipalities Purchase Bank-Owned Properties
Filed under: General, Real Estate
Posted by: Lillian Wong @ 1:17 pm

Calabasas, Calif. - As part of its commitment to stabilize communities hardest hit by foreclosures, Bank of America Home Loans has announced new streamlined capabilities for municipalities to purchase properties from its real estate-owned (REO) portfolio. The new guidelines are exclusively for local and state government departments receiving U.S. Department of Housing and Urban Development’s (HUD) Neighborhood Stabilization Program (NSP) grants, to more easily and quickly acquire foreclosed properties for resale to home buyers or to address other community development needs.  more…

Leave a Reply