Syracuse University

Foreclosure.com Scholarship

SCHOLARSHIP ANNOUNCEMENT

  • TITLE: Foreclosure.com Scholarship


  • SPONSOR: Foreclosure.com


  • ELIGIBILITY: Entering and current undergraduate students are eligible to apply.


  • AMOUNT: The first place winner will receive a $5,000 scholarhsip. Second through fifth place winners will receive $1,000 each.


  • DEADLINE: December 15


  • WEBSITE: http://www.foreclosure.com/scholarship/


  • ADDITIONAL INFO:Must submit an original essay on the topic: The foreclosure crisis that swept the nation several years ago claimed countless well-to-do homeowners, who were forced out of their houses when the economy hit rock-bottom. Those victims, along with the economy, are now beginning to slowly recover. And with collective home prices — and interest rates — still at very attractive levels, these "foreclosure victims" have transitioned into potential "boomerang buyers." How can these buyers with checkered pasts best take advantage of the current desirable real estate market conditions? There are a several actions these "boomerang buyers" can take to get back into home ownership. Please describe in your own words how the "rent-to-own" option, among others, might best benefit these folks until they are ready to go "all in" on another mortgage. The essay must be a minium of 800 words.