$6 Billion in Federal Money for Foreclosures: I want some!

I didn't know that the Federal Government is subsidising foreclosure purchases. They are. It is though HUD. Money is targeted by them.

The formula gives California over $529.6M out of the $6Billion. I want some!

I stumbled across this article from CNN Money.

Check it out:

http://money.cnn.com/2009/06/23/real_estate/money_for_foreclosures/index.htm?postversion=2009062405

Let me know if you know of any local programs or any other access to the funding for my clients.