Interesting Personal Debt News Links (April 30, 2009)

April 30, 2009

* Sister Libby Fernandez leads battle for the homeless in Sacramento (Cynthia Hubert, Sacramento Bee)

Jackie Fitzgerald, who is homeless, rallies with others Tuesday at the Capitol. The recent flap over Sacramento’s tent city – which has now been dismantled – has given rise to a new push to help the area’s homeless, led in part by Sister Libby Fernandez of Loaves & Fishes. She envisions a series of smaller, legal campgrounds with sanitation services, running water, and mental health and drug co…

* Cities clicking together to fight foreclosure blight (Jean Hopfensperger, Star Tribune)

With so many new incentives for home buyers, Danetta Saul is considering taking the plunge. The Woodbury schoolteacher was excited to learn about a project being launched today by St. Paul and Minneapolis to lure more home buyers to the two cities.

* Falling prices mean we can finally buy our first homes (Karen Rockett, Mirror)

Talk to most homeowners and they will tell you they are horrified at the way their houses are plunging in value.

* USDA approved (Beth W. Orenstein, Morning Call)

Jamie and Danielle Brannon bought a $133,500 two-bedroom home in Nazareth in January and paid only $134.63 out-of-pocket.

* Buy while rates are low (Beth W. Orenstein, Morning Call)

Lenders expect that with mortgage interest rates at historic lows, with home prices declining and many first-time homebuyers eligible for up to an $8,000 tax credit, they will be kept busy with applications for home loans this spring.

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