us department of housing and urban development: HUD Widens Definition of ‘Foreclosed' - www.4Malibu.com
- 05/12/10 11:53 AM
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HUD Widens Definition of ‘Foreclosed'
The U.S. Department of Housing and Urban Development (HUD) changed how it defines foreclosed and abandoned properties to include properties in default and uninhabitable homes with code violations.
The changes will increase the amount of properties that qualify for the Neighborhood Stabilization Program (NSP). HUD awards grants through the program to purchase and redevelop foreclosed and abandoned homes to stabilize local communities.
HUD secretary Shaun Donovan said the original NSP rules … (0 comments)
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