County Narrows Focus in Fighting Foreclosures
The change in foreclosure rates and REOs in specific Atlanta neighborhoods are described in this article, as well as the work being done through the NSP program to correct those problems. NSP funds are being used as second mortgages for residents and as purchase/rehab program funding. For the next round of NSP funding, applicants have been asked to fine-tune their focus to specific neighborhoods with higher numbers of REOs.
SOURCE: NeighborNewspapers.com (Atlanta), 2/4/11