Chase Bank foreclosures being ?donated,? and sold at ?steep discounts? to nonprofits

Major banks and mortgage companies are joining forces and giving back in select communities, revitalizing distressed homes and selling them — and in some cases giving them away outright — to nonprofit organizations and local redevelopment agencies. In turn, according to an Associated Press report, low- and moderate-income families who would otherwise be priced out, [...]

Source: http://blog.foreclosure.com/2010/12/chase-bank-foreclosures-being-donated-and-sold-at-steep-discounts-to-nonprofits/

Housing Starts President Obama Hope for home owners Fannie Mae