Getting First Dibs on HUD Foreclosures: Nonprofits Have Window of Opportunity To Buy Properties

The FHA First Look program, and its alignment with HUD’s Neighborhood Stabilization Program, is the focus of this column. As NSP intends to help local governments and nonprofits purchase and redevelop foreclosed homes, the First Look program provides these entities with an opportunity to purchase bank-owned homes before they go to market. The story quotes NeighborWorks America’s Sarah Greenberg, senior manager for community stabilization, and the role that NeighborWorks and its affiliates are playing in both the First Look and NSP programs. Read more.

SOURCE: Inman News, 4/1/11