BluegrassForeclosure.com

More money continues to flow out to the counties to help low income families find affordable housing.  The City of Richmond received $1.2 million to purchase abandoned, vacant, and foreclosed homes.  If you are interested in purchasing a foreclosed piece of property, but are not sure what to do with it once you have it, this is definitely worth looking into.

Over $500,000.00 similarly went to programs in Berea.  Now is the time to invest in foreclosed property.  To read the entire article, click here.

The KyPost.com is reporting that Covington will receive $5 million to help it combat abandoned and foreclosed property.  I think that there are tremendous values to be had from foreclosed property and hope that you are interested in purchasing these diamonds in the rough.  However, there is a real need to make sure neighborhoods do not fall into disrepair.  That doesn’t help anyone.

This money is part of the federal Neighborhood Stabilization Program.  Read the rest of the story here.

As you purchase properties, we must make sure we protect our overall investment and I think this is a good start.