Jan 09Foreclosures increasingly becoming rentals
Source: Chicago Sun-Times
Neighborhood Housing Services, a 35-year-old Chicago non-profit, this year will lend $18 million for single-family home purchases and re-financings of one- to four-unit buildings. The non-profit also is expanding its lending focus to help local residents and/or investors buy vacant foreclosed properties and rent them out, said Ed Jacob, executive director of the Neighborhood Housing Services. Read more…
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