The city of Las Vegas has announced that they will be receiving $200,000 from HUD to help stop foreclosure in the city. Obviously, this is not enough to money to help homeowners directly with their past-due mortgages, so what is this money to be used for? The city plans to develop an educational program the will help residents facing foreclosure learn about their options.
It makes sense that Las Vegas would be targeted for a program like this because foreclosures in Nevada, especially in the Las Vegas area, are higher than in any other area of the country right now. Las… Read more »