Friday, April 24, 2009

The city of Phoenix has kicked off their first Neighborhood Stabilization Program

To find out if you are eligible for federal money to help purchase an Arizona foreclosure home, go to yourwayhomeaz.com.
The new site lists information on the state's neighborhood stabilization programs, which target areas hardest hit by foreclosures.

Most of the programs offer down-payment money to home buyers.

The programs are funded by the $121 million that the state, Maricopa and Pima counties, six Valley cities and Tucson recently received from the U.S. Department of Housing and Urban Development.

Home buyers can qualify for money from more than one program in some communities. The money must be spent before 2011.

"Homeownership Assistance" assisting buyers of foreclosed homes, townhouses or condominiums with $15,000 in down payment and closing cost assistance. Why not give it a try!!!

If you are interested in finding out how to purchase a foreclosed property using this program Call Linda at 602-391-8246 or send me an e-mail.

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