City of Seattle to Offer Foreclosure Relief Loans
February 2nd, 2008 by Kristian Aasgaarden | one response
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Last Wednesday, Seattle Mayor Greg Nickels, announced a plan to help 40 families in Seattle stave off foreclosure and help them stay in their homes. Under the proposed plan, the city will provide $5000 loans through two non-profit groups, the Urban League of Metropolitan Seattle and Solid Ground to qualifying homeowners. The loans would not have to be re-paid until the house is either sold or refinanced. In order to qualify, homeowners need to make 80% or less of the median income.
Homeowners interested in applying should contact the Urban League at 800-368-1455 or Solid Ground at 206-694-6766.
The Author: Kristian Aasgaarden
About: Kristian, one of the co-founders of Real Estate Investment Firm, brings over 16 years of industry experience to REIF. Kristian began his career in the escrow field and was an escrow closer for many years before turning to real estate investing.
This entry was posted by Kristian Aasgaarden, on Saturday, February 2nd, 2008 at 1:57 am and is filed under Distressed Home Owners, Featured, Foreclosures. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response on the right, or trackback from your own site.
One Response to “City of Seattle to Offer Foreclosure Relief Loans”
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February 3rd, 2008 at 4:58 pm
I really enjoyed this article. Thank you!