Remember the NSP (Neighborhood stabilization Program). Well here is one of the homes up for sale on Fenton. Note the real-estate agent; yes the same agent that helped the assistant to the Mayor with the purchase of her short sale home.
Yes, I know I wrote about it long ago, and brought it to the attention of the council on several occasions with no results. It has always bothered me that this was the only agent that could be used for this program..
There is another house on Fenton. This is a HUD home. Federal funds were used to renovate both homes. The idea is to bring up the neighborhood values. Well, here is a question if I heard correctly while attending the last council meeting, I beleive there was a problem with one of the homes because it appraised too high. Did I not hear that they needed to reduce the appraised value to meet the standards of the NSP program?
The idea was to bring up the value of all homes in the neighborhood; I’m sure that everyone on that block is happy to know that the appraised value of the NSP home has to be lowered in order to meet the programs rules.
- A Couple More Going On The Market.. (dearbornheights.wordpress.com)
- HOMEOWNERS GUIDE: Compare Short Sale Benefits to Foreclosure (floridalossmitigation.wordpress.com)