To Avert Blight, City Will Repair and Resell Vacant Homes

New York City will spend $24 million to rehabilitate and resell 115 foreclosed homes, one of the most aggressive steps city officials have taken in years to prevent neighborhood blight.

Read full story: NYT > Foreclosures

For More Info See:

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• Once Trusted Mortgage Pioneers, Now Scrutinized
• Swindlers Find Growing Market in Foreclosures
• Former California Homeowners Lash Out at Builder
• Banks Starting to Walk Away on Foreclosures