The hard-hit southern California and Las Vegas housing markets will experience a mass sale of repossessed Freddie Mac properties on April 24th and 25th. Hundreds of New Vista and HomeSteps REO properties will be auctioned off in Las Vegas on the 24th and hundreds more will be sold at auction on the 25th at the Inland Empire.
People eligible to attend the initial auctions in the mornings of these two days are first time homebuyers who are eligible through the Neighborhood Stabilization Program (NSP). The program qualifies buyers for closing costs and down payment assistance when the new buyer takes over an REO property. In the afternoon separate auctions will be held for those who are not qualified under NSP.
The auction is being held to clear property prior to the end of the First Time Homebuyer federal credit program. Each home has been inspected, repaired and is ready to move in.
Life isn’t about waiting for the storm to pass…
It’s about learning to dance in the rain.
The most difficult thing is the decision to act, the rest is merely tenacity. The fears are paper tigers. You can do anything you decide to do. You can act to change and control your life; and the procedure, the process is its own reward. - Amelia Earhart
"The greatest mistake you can make in life is to continually be afraid you will make one." - Elbert Hubbard