Government plans to allot $2 billion from to the economic stimulus package to prevent home foreclosures has been welcomed with criticism by some sectors who believe it will all be for naught. Under the Neighborhood Stabilization Program passed last year to rescue the country’s housing industry, an estimated $4 billion has already been granted to all 50 states.

However, critics believe the program lacks money and planning. Ohio’s Livingston Avenue Area Commission president Mike Aaron said they are a month away from the funds and yet they still don’t know which houses are going to be involved in the program.

A total of $258 million has been earmarked for Ohio but the…

Prices evidently slid down with the series of foreclosures affecting the housing market. The result? More bargains that have not been imaginable years back.

Vacation homes with amenities such as swimming pools and state-of-the-art kitchen are among those foreclosed and popular among buyers of second homes. With the aid of online resources, breezing through foreclosed properties is not as insurmountable task as it would have been years back. This is even made easier by banks that approach their target markets thus making it more familiar for people to get familiar with the processes of obtaining properties through these financial institutions. Real estate agents too are more upbeat in approaching the crisis.

Per…