Alan Barker's personal annotations on this page
Atrain2007 bookmarked
on 2009-06-29
This could be a good opportunity for Bank of America to get rid of foreclosure inventory and help cities restore slum areas at the same time. Probably won't fly, but it's worth a shot.
-
Bank Gives Cities, States First Shot at REOs
Bank of America is making it easier for states and cities to buy foreclosures before investors purchase them.
The program is a result of the U.S. Department of Housing and Urban Development’s Neighborhood Stabilization Program, which aims to encourage redevelopment of neighborhoods hit hardest by foreclosure and the resale of properties to home owners.
Bank of America will notify participating cities that properties are available before they are listed on multiple listing services. The company will set the prices with no haggling allowed.
This link has been bookmarked by 1 people . It was first bookmarked on 29 Jun 2009, by Alan Barker.
-
Alan Barker
This could be a good opportunity for Bank of America to get rid of foreclosure inventory and help cities restore slum areas at the same time. Probably won't fly, but it's worth a shot.
-
Bank Gives Cities, States First Shot at REOs
Bank of America is making it easier for states and cities to buy foreclosures before investors purchase them.
The program is a result of the U.S. Department of Housing and Urban Development’s Neighborhood Stabilization Program, which aims to encourage redevelopment of neighborhoods hit hardest by foreclosure and the resale of properties to home owners.
Bank of America will notify participating cities that properties are available before they are listed on multiple listing services. The company will set the prices with no haggling allowed.
-
Would you like to comment?
Join Diigo for a free account, or sign in if you are already a member.