Monday, April 27, 2009

Fort Worth to offer up to $25,000 loan for buying local foreclosed homes

April 27, 2009

Using a $6.3 million federal grant, the city of Fort Worth is rolling out a Down Payment Assistance Program to help qualified individuals purchase lender-foreclosed homes in seven selected ZIP codes throughout the city.

The U.S. Department of Housing and Urban Development recently awarded the $6.3 million to the Fort Worth Housing and Economic Development Department to provide assistance in the redevelopment of foreclosed homes. The funds come from HUD’s Neighborhood Stabilization Program as part of the Housing and Economic Recovery Act of 2008.

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Home warranties increase even as home sales fall

BY ALESHIA HOWE April 27, 2009

Anxious buyers and sellers aren’t the only ones keeping a close eye on the Texas home market these days. After testing its home warranty package in several states throughout the nation, Bedford-based Warrantech Corp. launched its Warrantech Home Assurance Plan in Texas at a time when recession worries seem to be helping the warranty industry.

Warrantech Home Service Co. launched its home assurance plan, hired 17 sales representatives throughout Texas to begin touting the product and has plans to hire at least 10 more in coming months.

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