Navigate Up
Sign In
Español | Kreyòl | More
Skip navigation links
About Us
Meetings & Events
Related Links
What is Affordable Housing
Skip navigation links
Quarterly Newsletter
News -Archive
News -January 2014
News -February 2014
News -March 2014
News -April 2014
News -May 2014
News -June 2014
News -July 2014
January 25, 2013


HUD Raises Discount for Faster REO Sale
PD&R News (Inside Mortgage Finance)

The U.S. Department of Housing and Urban Development (HUD) has modified its First Look Sales Program and raised the discount for Real Estate Owned (REO) properties from 10 percent to 15 percent. HUD is encouraging more investment in order to minimize their current housing inventory and revitalize abandoned and foreclosed properties. The program will be available through May 31, 2013 at which point the Neighborhood Stabilization Program (NSP) is due to end. More...


<Back     Next>