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Loan Modification

: Loan Modification & Home Loan News

Local governments, states in a hurry to spend foreclosure relief aid

By Moe Bedard

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WASHINGTON ? Local governments are at risk of losing more than $1 billion in foreclosure relief funds they can’t spend quickly enough.With use-it-or-lose-it spending deadlines weeks away, cities and counties are scrambling to shore up neighborhoods by buying foreclosed and abandoned properties ? but are often stymied by market forces, federal regulations and a lack [...]

Full post as published by Loan Modification & Home Loan News on July 28, 2010 (boomark / email).

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