Tuesday, May 5, 2009

Buying A Foreclosure? Get Free Money! Available Now!

This Just In!!!!  This money will be gone very quickly.

The State of Missouri has approved money for their MHDC Program specifically to aide in the purchase of foreclosed homes.  

There is currently $4.2 Million available to provide downpayment and fix up assistance to purchase these foreclosed properties.  They are calling it the Neighborhood Stabilization Program.

Here's the details:
  • Not just for first time homebuyers
  • Still qualify for $8000 federal first time homebuyer tax credit
  • Credit of up to 20% of the purchase price up to $15k
  • Given as second mortgage, with 0% interest rate, forgivable after 5 years
  • Household income can not surpass 120% of the surrounding area median
  • Must purchase home for 95% or less of appraised value
  • Must attend 8 hour home ownership class
  • Must be primary residence

Call us now for more information (636) 946-7273
or start checking out properties at www.RCREonline.com


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