Albuquerque Homeowners Assistance (...

Tell us what you would do with $250 bucks and a flip camera (in 250 words or less)?

Welcome to The Golden Opportunity Idea Gallery! Please post your TGO ideas below. The best and brightest ideas are selected to receive a TGO package (with $250 bucks and a flip camera) or to launch their own Film it Forward Project! Help us keep the ripple going....

TGO Idea Gallery


Posted By HeatherW on 2011-06-22 Viewed 0 Times

I am a Real Estate Broker in ABQ. I have formed a not for profit to help the distressed homeowners in ABQ. Investors are making money hand over fist buying foreclosed homes that don't meet FHA guidelines for financing, bringing them up to FHA standards and then reselling them to owner occupant buyers. AHA's goal is to supply the money to the FHA buyers to bring the properties up to FHA financing standards so the homeowner is able to buy the foreclosed home. The average amount of money that is needed per buyer is 2,000. The average amount of money that one sale generates for the local economy is 60,000. I feel like giving the homeowners the equity that investors are taking from the properties will do wonders for everyone in our community.

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micro

noun: The emergence of individuals choosing to take small-scale action (s) intended to achieve a personal and/or social goal, resulting in a large-scale impact or ripple effect.