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The author of the Craigslist posting in Las Vegas made no effort to disguise his or her intentions. Stripping House — Before Foreclosure, the ad declared, offering potential buyers the cabinets and countertops, the sinks and toilets, the doors …

The houses have broken windows, overgrown yards, uprooted floor tiles and holes in the walls as big as dinner plates. Armed with $18.2 million from Washington, Lee County has set out to make those foreclosed properties into dream homes for low to …

Fannie Mae and Freddie Mac are offering financing incentives for buyers of foreclosed homes owned by Fannie and Freddie. Home buyers have until Oct. 30 to apply for Freddie Mac’s SmartBuy program, which started in July, and offers up to 3.5 percent of a home’s sale price to help cover closing costs. To qualify, the home must be a principal residence and must be selected from Freddie Mac’s HomeSteps Web site ( www.homesteps.com/homeshoppers.htm ) for its foreclosed properties. Loans must clo