Interesting resource from the Colorado Housing and Finance Authority (CHFA) – neighborhood foreclosure maps.
http://www.chfainfo.com/news/NED_Maps.icm
CHFA helps people in Colorado get into homes by lending them the down payment. CHFA JumpStart offers borrowers a 30-year fixed rate mortgage with competitive interest rates to pay for the home, and an interest-free, payment-deferred second mortgage to cover down payment and/or closing costs. The second mortgage may be up to 3.5 percent of the purchase price of the home or $6,000, whichever is less. Borrowers are expected to use their $8,000 first time homebuyer federal tax rebate to payoff the second mortgage by June 30, 2010. If the second mortgage is not paid off in full by the June 30, 2010 deadline, it coverts to an 8 percent (8%) interest loan with monthly payments due over a 10-year amortization period.
As of October 15, 2009, 76 Coloradans have taken advantage of the CHFA JumpStart Tax Credit Program.
Your blog is very informative Thanks