In a housing market plagued by one of the highest foreclosure rates in the nation, finding and buying a home would seem to be an easy hunt, especially if you're armed with federal funding support.
The sheer mass of real estate obtainable at a record-low price combined with a no-interest loan from the government and an $8,000 income tax credit for first-time buyers rapidly persuaded 30-year-old Lisa Locascio to make the leap into home ownership.
It wasn't as easy as she thought it would be, even for someone resolute to buy her first home.
Locascio's Realtor and long-time friend, Lance Connolly, started compiling foreclosure listings more than three months ago, as soon as Locascio was accepted for a $15,000 down-payment loan through the federally funded Neighborhood Stabilization Program.
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The sheer mass of real estate obtainable at a record-low price combined with a no-interest loan from the government and an $8,000 income tax credit for first-time buyers rapidly persuaded 30-year-old Lisa Locascio to make the leap into home ownership.
It wasn't as easy as she thought it would be, even for someone resolute to buy her first home.
Locascio's Realtor and long-time friend, Lance Connolly, started compiling foreclosure listings more than three months ago, as soon as Locascio was accepted for a $15,000 down-payment loan through the federally funded Neighborhood Stabilization Program.
useful links: los angeles movers, transport rankings
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