Miami To Buy Foreclosed Properties

November 5, 2008 · Print This Article

Miami received more than any other jurisdiction grant money to buy, rehab and sell bank owned properties. This money is not for homeowners in pre-foreclosure or to prevent homeowners from losing their homes. http://www.miamiherald.com/business/story/756991.html. They are buying bank owned properties, meaning the houses are vacant and has already gone thru the foreclosure process. The homeowners are long gone. I wonder how much of that money will be used to rehab since alot of these homes that are vacant have been trashed and vandalized.

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