5 states to get $600 million to stop foreclosures

08/4/2010 | Reuters

Five states with high unemployment are eligible for help from a $600 million federal fund set up to prevent foreclosures. Up to 50,000 homeowners in Ohio, North Carolina, South Carolina, Oregon and Rhode Island are eligible for money from a so-called "Hardest Hit" fund. All five states have been approved for the funds, which they will receive in the next several months.

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