Welcome to our Home, James! ® Ocean View Beach Homes & Condos Blog

We believe the California Riviera - extending along coastal San Diego and south Orange County - is the best place in the world to live!

WHO MAY POST ON THIS BLOG: We invite contractors, inspectors, lenders, title, escrow and others in fields related to real estate to post helpful articles, advice or comments to this blog. Go ahead and include reference to your website and contact information. We especially encourage enquiries from clients and prospects. Post your questions to this blog - or email or call us - and watch for a timely reply.

Remember, for anything "real estate" along the entire California Riviera from Orange County to the Mexican Border just say, "Home, James!"

SCROLL DOWN TO VIEW POSTS

* If you have a subject of interest, try SEARCH - we already have thousand posts and abundant content on home improvement and maintenance, systems, landscaping, "green" energy efficiency, tax credits and deductions, finance, insurance, and many others! Chances are good that you will find exactly what you need to know. Go ahead, Search!*

Search This Blog

Monday, April 26, 2010

HUD to Broaden Help for U.S. Cities

From Daily Real Estate News April 26, 2010

Cities hoping to tap into the Neighborhood Stabilization Program are being stymied by investors who pay cash for distressed housing units and rent them out — a trend that worries those who believe homeownership is key to stronger communities and higher property values.

In response, HUD will broaden the pool of foreclosures that municipalities can purchase to help them buy and resell homes at affordable rates.

Banks, meanwhile, are issuing new guidelines to real estate practitioners, requiring them to give priority to local governments using federal funds to acquire bank-owned residences.

Source: San Francisco Chronicle, Robert Selna (04/26/10)
Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)