Myrtle Beach Real Estate by Mirela

Important TARP funds targeted for homeowners have not been released

Important TARP funds targeted for homeowners have not been released

 

Only 3 percent of the $7.6 billion in TARP funds that are targeted for troubled homeowners facing foreclosure have been spent, according to a report by the Office of the Special Inspector General for the Troubled Asset Relief Fund.

The Hardest Hit Fund was created in 2010 to help struggling homeowners, but the Treasury Department has failed to distribute the vast majority of the money in the last two years due to "a lack of comprehensive planning," the report said.

Read More:  Important TARP funds targeted for homeowners have not been released




 

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Comment balloon 5 commentsMirela Monte • April 21 2012 04:12PM

Comments

Very sad and a complete let-down.

Posted by Mirela Monte, Myrtle Beach Real Estate (Buyers' Choice Realty) over 8 years ago

Evening Mirela,  Sad is the correct word choice.  Any idea why the planning issue wasn't handled up front ?

Posted by Bill Gillhespy, Fort Myers Beach Realtor, Fort Myers Beach Agent - Homes & Condos (16 Sunview Blvd) over 8 years ago

Hope & Change in action. How's all that change working out??

Posted by Mike Morrison (Will & Will Real Estate Brokers, The Woodlands, Texas) over 8 years ago

Bill: Indeed!

Mike:  Yeah. We have some real choices, don't we?  It's becoming harder and harder to vote for the lesser of two evils...

 

 

Posted by Mirela Monte, Myrtle Beach Real Estate (Buyers' Choice Realty) over 8 years ago

Mirela

The ball has been dropped big time on this> Poor everything is about right for this one.

Good luck and success.

Lou Ludwig

Posted by Lou Ludwig, Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC (Ludwig & Associates) over 8 years ago

Participate