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January 08, 2009
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Ga. police offered foreclosed homes

By Rhonda Cook
Atlanta Journal-Constitution

ATLANTA — Fulton County Commissioner Robb Pitts thinks he's found a way to keep police officers from leaving their jobs and to solve the home foreclosure crisis at the same time.

For $2,500 down, a promise to stay with the same police department for at least 15 years and an agreement to pay taxes, utilities and upkeep, an officer could get a foreclosed house without any other payments. The lender, in return, would get the public's "good will for doing this," and possibly a credit on Fulton County taxes.

Full story: Ga. police offered foreclosed homes






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