HUD to Delay Foreclosures in Loan-Sales to Aid Homeowners

HUD has announced it will be revising its auctions of non-performing mortgages to address concerns it's not doing enough to help neighborhoods affected by foreclosures.

The most important aspect is that after winning a bid, buyers will be barred from seizing properties for at least a year.

More details can be found here--
http://www.bloomberg.com/news/articles/2015-04-24/hud-to-delay-foreclosures-in-loan-sale-changes-to-aid-homeowners

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