Covington to receive $5 million to help with abandoned and foreclosed property
April 30th, 2009
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.