Currently viewing the tag: "foreclosed homes"
The Minnesota Housing Finance Agency and MN Home Ownership Center want you to know help could be available to you if you are a Minnesota homeowner dangerously close to foreclosure. The Emergency Homeowners Loan Program (EHLP) will give 1,405 selected Minnesota homeowners up to $50,000 each in interest free loans over the next two years to help them catch up and keep up with their mortgage payments.
First, you have to decide at what stage of foreclosure you want to buy. There are three options: 1. pre-foreclosure; 2. sheriff’s auction; 3. repossession, called REO (for real estate owned by the bank).
In his post, Rob reviews what is causing the next wave of foreclosed homes, and with information from Minnesota Home Ownership Center, shares the map with the hot spots that Minnesota Home Ownership Center feels will be popping up with even more foreclosed homes.
Watch this video for information on the upcoming First Time Home Buyer Class
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