WASHINGTON, DC – December 4, 2012 – (RealEstateRama) — As part of a broad based effort to address the housing market’s “shadow inventory” and to target relief to communities experiencing high foreclosure activity, the U.S. Department of Housing and Urban Development (HUD) today announced preliminary results from the first loan sale under its expanded Distressed Asset Stabilization Program (DASP). HUD’s next scheduled sale, which will take place late in the first quarter of 2013, will include approximately 10,000-15,000 loans, and will have targeted Neighborhood Stabilization Outcome (NSO) pools located in select metropolitan areas in Georgia, California, Florida, and Ohio.
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