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Virginia Town Gets Help to Buy From Foreclosures List (Pre foreclosure)

The Culpeper town in Virginia has received about $1.2 million in federal funds to help it buy from foreclosures list. The funds will be used to buy foreclosed house in some new housing developments. The money was awarded under the federal government s Neighborhood Stabilization Program which was launched by the Obama …
Source: www.foreclosurelistingsnationwide.com

Foreclosed Homes for Sale Still Flood Inventories in Florida
Sales and prices of single-family homes in Lee County, Florida declined slightly in July compared with the previous month. But the sales pace continued to improve last month. According to market data, the number of single-family homes that were sold in July totaled 1,570. The figures represented a decline in last …
Source: www.foreclosurelistingsnationwide.com

Tax Exemption on Owners of Foreclosed Houses to be Lifted
California homeowners who saw their properties turned into foreclosed houses this year may soon be hit by an income tax. A California law that provides temporary exemption on homeowners who lost their properties in a short-sale, foreclosure or deed in lieu of foreclosure is scheduled to expire at the end …
Source: www.foreclosurelistingsnationwide.com

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