reos: DOWN PAYMENT ASSISTANCE ELIGIBLE FOR LOS ANGELES COUNTY REO'S - 08/01/09 12:15 AM

 
 
 
 
As part of HUD's new Neighborhood Stabilization Program (NSP), the Los Angeles Housing Department (LAHD) is offering down payment assistance to eligible homebuyers.
The NSP was developed to stabilize communities that have suffered from foreclosures and abandonment.  NSP offers deferred payment second mortgages to homebuyers seeking to acquire a foreclosed or abandoned property.  It also provides deferred payment loans to repair blighted properties after they have been purchased. 
Program Requirements: 
Eligible homebuyers must not presently have an ownership interest in any real property and they must occupy the property as their primary residence.  Eligible homebuyers must … (7 comments)

 
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