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	<title>Hud Auction Watch</title>
	<link>http://www.hudauctionwatch.com</link>
	<description>The Only Source For Accurate HUD Foreclosure And Government Auction Information</description>
	<lastBuildDate>Fri, 01 Aug 2008 08:09:22 +0000</lastBuildDate>
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	<item>
		<title>Housing Tax Credit Passed &#8211; $7500 Loan to Homebuyers</title>
		<description><![CDATA[Well the Housing and Economic Recovery Act passed, and it offers select homeowners eligibility for a tax credit equal to 10 percent of the purchase price of a home, up to a maximum of $7,500. This credit is $3,750 for married couples filing separately. Unmarried people who jointly purchase a home will be able to [...]]]></description>
		<link>http://www.hudauctionwatch.com/hud-foreclosure/housing-tax-credit-passed-7500-loan-to-homebuyers/</link>
			</item>
	<item>
		<title>Syracuse HUD Auction Unsuccessful</title>
		<description><![CDATA[After denying local government requests to further postpone auctions on several properties, HUD put the apartment complexes on the auction block. Not a single bidder came forward.
Previously, HUD had offered local Syracuse officials a short postponement. But, when they were unable to find a suitable buyer during that time, HUD decided to go forward with [...]]]></description>
		<link>http://www.hudauctionwatch.com/hud-foreclosure/syracuse-hud-auction-unsuccessful/</link>
			</item>
	<item>
		<title>HUD Blocks Government Foreclosure Purchases</title>
		<description><![CDATA[Earlier this week, HUD decided to block government foreclosure home purchases in Ohio and Michigan. In both states, local governments were going to purchase HUD properties for $1 under a special program. The communities would then restore the homes or, as is more likely in these cases, bulldoze and rebuild.
Now, HUD is reconsidering the foreclosure [...]]]></description>
		<link>http://www.hudauctionwatch.com/hud-foreclosure/hud-blocks-government-foreclosure-purchases/</link>
			</item>
	<item>
		<title>Funding HUD Home Improvements &#8211; Tax Free</title>
		<description><![CDATA[If you take out a personal loan or use a credit card for improvements on your investment properties, you&#8217;re missing out on a valuable tax deduction. One of the most financially savvy ways to fund such improvements is with a HELOC loan.
A home equity line of credit (HELOC) is secured by the borrower&#8217;s home and [...]]]></description>
		<link>http://www.hudauctionwatch.com/hud-foreclosure/funding-hud-home-improvements-tax-free/</link>
			</item>
	<item>
		<title>$7,000 Foreclosure Tax Credit Proposed</title>
		<description><![CDATA[The Senate is currently considering a bill that would offer a $7,000 tax credit to those purchasing foreclosure properties. Forbes.com reports:
&#8220;Like the House measure, the Senate bill has a standard deduction provision, but it allows businesses to apply their net losses to previous years in which they turned a profit. It gives the Federal Housing [...]]]></description>
		<link>http://www.hudauctionwatch.com/hud-foreclosure/7000-foreclosure-tax-credit-proposed/</link>
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	<item>
		<title>Syracuse Mayor Requests HUD Foreclosure Auction Cancellation</title>
		<description><![CDATA[The spotlight is once again on Syracuse this week, as the mayor is making further requests to change HUD foreclosure auction policies. Previously, the mayor had asked HUD to postpone the sale of nine investment properties so that the city could locate qualified landlords. In an unusual move, HUD agreed and postponed the foreclosure auctions [...]]]></description>
		<link>http://www.hudauctionwatch.com/hud-foreclosure/syracuse-mayor-requests-hud-foreclosure-auction-cancellation/</link>
			</item>
	<item>
		<title>Evaluating HUD Properties</title>
		<description><![CDATA[All HUD foreclosure homes are sold &#8220;as-is.&#8221; However, potential bidders are given ample opportunity to evaluate the condition of these properties. Whenever HUD lists a foreclosure home online, it also includes a property condition report in PDF. The reports tend to be extremely detailed and list problems with the property such as damaged roofs, removed [...]]]></description>
		<link>http://www.hudauctionwatch.com/hud-foreclosure/evaluating-hud-properties/</link>
			</item>
	<item>
		<title>HUD&#8217;s Good Neighbor Next Door Program</title>
		<description><![CDATA[In certain areas, HUD allows service professionals such as teachers to purchase foreclosure homes at a whopping 50% discount. Here&#8217;s how the HUD website describes the program:
&#8220;Buy a home through HUD&#8217;s Good Neighbor Next Door                initiative designed to encourage renewal [...]]]></description>
		<link>http://www.hudauctionwatch.com/hud-foreclosure/huds-good-neighbor-next-door-program/</link>
			</item>
	<item>
		<title>HUD Secretary Resigns</title>
		<description><![CDATA[Effective April 18, Alphonso Jackson will step down as the HUD secretary. He is currently being investigated for corruption and several senators have called for his resignation.
The Los Angeles Times reports on his final speech:
&#8220;There comes a time when one must attend more diligently to personal and family matters,&#8221; Jackson said in a brief statement. [...]]]></description>
		<link>http://www.hudauctionwatch.com/hud-foreclosure/hud-secretary-resigns/</link>
			</item>
	<item>
		<title>Senators Call for HUD Secretary&#8217;s Resignation</title>
		<description><![CDATA[There may soon be new administration in the top HUD offices if two senators have their way. They are asking current HUD secretary Alphonso Jackson to resign amidst allegations of improper business conduct.
A New York Times editorial explains:
&#8220;Senior HUD officials have complained that Mr. Jackson instructed them to take into account political ties when making [...]]]></description>
		<link>http://www.hudauctionwatch.com/hud-foreclosure/senators-call-for-hud-secretarys-resignation/</link>
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