The data shows a higher rate of foreclosures in that zip code vs other parts of the city. A lot of the builders 5 years ago had looser loan programs that they offered with their new homes for sale. First time homebuyers were able to get sub-prime loans with very little money down and 28269 was a hot area to purchase these types of deals. It's also a very transient area of the city (people moving in and out with jobs) and some folks who moved could not get their home sold due to the dropping values. We have seen personally that as more homes went to foreclosure, the neighborhoods were depleting a bit due to more renters coming in. They were not keeping up the yards as well as the owner occupants.
Hope this helps.
It is possible to meet your criteria with special programs and lenders. If you want to have the information about lenders I use who have programs that may fit your needs, please give me a call.
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