Today, one out of every 200 homes is foreclosed upon. Despite that being much better than the one in 96 foreclosures in 2013, that’s still a significantly high number and is an issue across the country.
According to New York Daily News, Council members in Queens recently unveiled a City Restoration Program called theForeclosure Buyback Program. Although it’s the first program of its kind, other cities across the nation are paying attention to see if a program like that could work in their communities.
The new initiative will enable nonprofit organizations to