...vacant properties; in practice, most grantees used NSP funds either to acquire and rehabilitate properties or demolish vacant structures. The program initially targeted single-family homes, which accounted for most foreclosures....
Read More »Search Results for: vacant
Provisions Announced For Borrowers in Forbearance
...for families.” The FHA announced that it would halt all new foreclosure actions and suspend all foreclosure actions currently in process, excluding legally vacant or abandoned properties. Also, the Administration...
Read More »Government Agencies Extend Foreclosure, Eviction Moratoriums
...currently in process, excluding legally vacant or abandoned properties. Also, the Administration will cease all evictions of persons from FHA-insured Single Family properties, excluding actions to evict occupants of legally...
Read More »Federal Housing Commissioner Shares Insight on CWCOT Changes, COVID-19
...program announced by HUD in February. Changes to the program include: Providing for a second appraisal once a property becomes vacant Expanding the number of states for marketing services and...
Read More »Exclusive Preview: FHA Head to Discuss CWCOT, COVID-19
...to HUD with CWCOT in exchange for payment of mortgage-insurance benefits. The program also expedites the disposition of foreclosed properties and reduces the amount of time a property sits vacant....
Read More »Investing in the Future
...growing incomes, or Opportunity Zones. She noted that home prices should not be the lone economic indicator, as she referenced a study that found prices of depreciated property and vacant...
Read More »Industry Groups Applaud Bold Changes to CWCOT
...several years to expand this important program." HUD’s proposed CWCOT changes include: Providing for a second appraisal once a property becomes vacant Expanding the number of states for marketing services...
Read More »Homeownership on the Rise, Vacancies Drop
...vacancies are down 0.4 percentage points from Q3 2019 but are similar to the rate reported a year ago. About 5.2% of single-family rental homes are vacant, while 7.4% of...
Read More »Former HUD Secretary Castro Withdraws Presidential Bid
...abandoned properties. Delgado asked Castro to consider opening up a dialogue with the servicing industry to talk about vacant and abandoned properties. “I have a decent perspective on what you’re...
Read More »Philadelphia and Wells Fargo Reach $10M ‘Collaboration Agreement’
...$500,000 will go to Philadelphia’s land care program to help clear and maintain vacant lots. “The efforts funded through these grants are consistent with Wells Fargo’s broader philanthropic strategy, which...
Read More »