$$$ to buy foreclosed homes - WALB.com, Albany News, Weather, Sports

$$$ to buy foreclosed homes

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By Karen Cohilas - bio | email

ALBANY, GA (WALB) - Home ownership may be the American Dream, but it may not be realistic for everyone. The state of Georgia is working to make it a reality for more people, and clean up rundown neighborhoods.

The neighborhood Stabilization Program provides $14,000 for buyers to purchase and rehab foreclosed properties.

Sheila Waldron said, "To get people into them. They go into a state of disrepair the longer that they sit, so we just want to get those off the market. There's a lot of vandalism that happens or a house that's just sitting empty."

There are income requirements and the home being purchased must be used as a primary residence.

Right now, there is a waiting list of people trying to qualify for the program, which is through the Georgia Department of Community Affairs.

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