Resources and Links

Information on how MHP's SoftSecond Loan Program can be used to buy foreclosed properties. Properties bought in eligible areas can qualify for rehabilitation loans from the federal government's Neighborhood Stabilization Program (NSP).

CHAPA/REBA presentation: Foreclosure Procedures in MA Post Ibanez

CHAPA/REBA presentation: Protecting Tenants at Foreclosure Act of 2009

Eligible Forclosed Properties: U.S. Census Bureau link Click on the above link to find out if the property you are interested in purchasing is eligible for Neighborhood Stabilization Program (NSP) funding.

Eligible Foreclosed Properties: NSP income limits and target areas This document provides the income limits and census tracts/block group target areas in the 39 communities eligible for Neighborhood Stabilization Plan funding.

Finding Foreclosed Properties This document provides various links to Real Estate Owned (REO) properties tracking and lending institution websites that can help homebuyers find foreclosed properties in their area. For more information about finding foreclosed properties, call your local realtor.

Neighborhood Stabiliation Program II funding request In July 2009, the Massachusetts Housing Investment Corp. made an application for $59 million in funding from the Federal Neighborhood Stabilization Program (NSP II). MHIC is the lead applicant in a consortium with MHP and the state Department of Housing and Community Development. The consortium has proposed that the funding be used to support revitalization efforts in specific neighborhoods or census tracts in 14 older urban communities that have been hard hit by foreclosure. The attached document is the final application, following a period of public comment.

NSP eligible areas maps The following maps show funding eligible block groups in the 39 Neighborhood Stabilization Program communities.

SoftSecond's Funds for Fixer Uppers Guide A guide for MHP's Funds for Fixer Uppers Program, which combines fixed-rate financing from the SoftSecond Loan Program with incentives when used to buy a foreclosed property in eligible neighborhoods.

SoftSecond's Funds for Fixer Uppers Q&A Details on how homebuyers can get assistance when buying foreclosed properties.