Foreclosure blight: The cleanup crawls along

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8 votes

Kl_comment_thumb Posted By: Karen Parker, about 1 month ago (Report Spam)
Category: Foreclosures / Type: News
Source: money.cnn.com

The controversial $3.9 billion federal program aimed at saving neighborhoods blighted by foreclosure is hitting hurdles that could threaten its effectiveness. The biggest problem many state and local governments are facing is acquiring the foreclo...

Comments

At 01:19AM on November 18, 2009 - Karen Parker said...

I just thought it was ironic that the states and cities are having the same problem I am...getting the properties away from the banks.

At 06:48AM on October 05, 2009 - James Ward said...

This is a good thing! Investors and home buuyers are getting the properties instead of the government. How is that bad? This program was set up to make sure the homes did not sit and rot. They homes are not sitting and rotting. Pass the funds back to the government. Pay off some of our never ending debt!