- From HUD (US Department of Housing and Urban Development): The Atlanta Homeownership Center approved the use of two Sales Initiatives on HUD listings in (Illinois, Indiana, North, and South Carolina). The $100 Downpayment is now available for HUD listings with an effective date of October 5, 2007.
100 Down Payment on HUD Homes!
HUD has announced several new sales incentives on HUD homes that will make
these homes more affordable for homebuyers.
HUD has a special program for a limited time only which allows an owner-occupant buyer to pay only $100 down, instead of the usual required 3% down, and HUD will pay up to 3% of allowable closing costs.
- Homeowners in St. Joseph County and the cities of South Bend, Mishawaka, Granger, Osceola, and Notre Dame now have a resource for Foreclosure awareness and prevention. It's called The Indiana Foreclosure Prevention Network. Below is a snipet from their website...
"The Indiana Foreclosure Prevention Network (IFPN) is a public-private partnership of community-based organizations, government agencies, lenders, realtors, and trade associations that has devised a multi-tiered solution to Indiana's foreclosure problem. This statewide initiative includes a targeted public awareness campaign, a telephone helpline, an educational website, and a network of local trusted advisors."
Offering third-party non biased information to the general public, IFPN is out to make a difference in Indiana and in a time of need. The state of Indiana is one of the highest Forclosure states in the US, this is a giant step towards lowering that statistic!
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