H.R. 5818 would establish a $15 billion loan and grant program for the purchase and rehabilitation of owner-vacated, foreclosed homes, helping to stabilize and reoccupy them as soon as possible.
H.R 5818 is important because it will provide funds to state and local governments to address the foreclosed and abandoned homes which threaten to weaken neighborhoods.
Additional information can be found here NLIHC.
Related Florida real estate views:
Real estate agents being fined for run down REO property
Impact of foreclosure on families
Florida attorneys offering free help to homeowners facing foreclosure
- Greg Staker Watson Realty Corp. 407-304-0255
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