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  2. Good Neighbor Next Door program: What it is and how to apply

    www.aol.com/finance/good-neighbor-next-door...

    The Good Neighbor Next Door Program offers qualifying buyers a chance to purchase a HUD-owned property for half off the list price and a down payment as low as $100. ... real-estate owned (REO ...

  3. National Community Stabilization Trust - Wikipedia

    en.wikipedia.org/wiki/National_Community...

    The Stabilization Trust serves as a bridge between financial institutions and localities by streamlining and standardizing the process of transferring bank-owned foreclosed properties – commonly known as Real Estate Owned (REO) – to local government and nonprofits. [14] The Stabilization Trust accomplishes this goal in two ways:

  4. Real estate owned - Wikipedia

    en.wikipedia.org/wiki/Real_estate_owned

    REO sale property in San Diego, California. Real estate owned, or REO, is a term used in the United States to describe a class of property owned by a lender—typically a bank, government agency, or government loan insurer—after an unsuccessful sale at a foreclosure auction. [1]

  5. United States Department of Housing and Urban Development

    en.wikipedia.org/wiki/United_States_Department...

    In 1997, the HUD Inspector General issued a report saying: "The program design encourages risky property deals, land sale, and refinance schemes, overstated property appraisals, and phony or excessive fees." [32] In June 1993, HUD Secretary Henry Cisneros admitted that "HUD has in many cases exacerbated the declining quality of life in America."

  6. Bank-owned properties: What are they and where can I ... - AOL

    www.aol.com/finance/bank-owned-properties-where...

    Bank-owned properties may also be referred to as real estate owned, or REO. You can find bank-owned properties through sources like banks' online listings or RealtyTrac.

  7. HUD auction - Wikipedia

    en.wikipedia.org/wiki/HUD_auction

    A HUD auction is a form of foreclosure auction except the original lender was a federal agency instead of a private lender. The United States Department of Housing and Urban Development (HUD), is the insurer of loans made through a variety of government programs, particularly FHA loans .

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