Wednesday, October 08, 2008
Orange County to Buy Foreclosure
Next year Orange County will buy 200 foreclosed homes, renovate them, and resell them to moderate to low income buyers. With $28 million federal housing grant, they anticipate to buy and renovate a 1000 homes by 2013, in an effort to stablize neighborhoods. The neighborhoods target first is Pine Hills and Taft-Meadows area. Orange County is second in the State for number of foreclosure trailing behind Miami-Dade County. However, critics say this money is going back into the lending instituations that put buyers in these homes in the first place.Click here for more details.
Posted by Buyers Broker of Florida at 7:52:00 AM