$6B Fed Money Available For Buying Foreclosures

With home prices dropping each month, the feds are launching plans to offer attractive terms to potential buyers. The government has made nearly $6 billion available for the Neighborhood Stabilization program, which aims to reduce the number of foreclosed homes on the market. The money, which has only started to flow during the past few weeks, will go to state and local housing authorities and non-profit organizations involved in providing housing for middle and low-income families. To continue reading about this $6 billion allotment, click here.