Positive News On Real Estate » Georgia foreclosure buyers http://www.positiveonrealestate.com Positive Real Estate News Thu, 09 Feb 2012 15:34:35 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 Georgia Helping out GA Foreclosure Buyers with $14k http://www.positiveonrealestate.com/pr/187 http://www.positiveonrealestate.com/pr/187#comments Thu, 02 Apr 2009 01:32:35 +0000 admin http://www.positiveonrealestate.com/?p=187 The Georgia Dream NSP Purchase Program was created to encourage the purchase of foreclosed properties. Funds utilized are an allocation of federal dollars received by the Department of Community Affairs from the Housing and Economic Recovery Act of 2008.

The program provides $14,000 to eligible borrowers purchasing foreclosed properties in eligible areas. Funds are disbursed in the form of a second mortgage lien with no interest and no monthly payments. The lien is released over a period of five years and six months. Funds may be used for required repairs and/or down payment assistance.

This program begins April 1, 2009 and all funds must be disbursed by June 30, 2010.

Thanks to ASG Realty Atlanta Realtors for the heads up.

Get Georgia Foreclosures here.

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