Under Kane County's Foreclosure Redevelopment Program (FRP), foreclosed houses up-and-down the Fox Valley are being beautifully renovated and are available for purchase (at very attractive prices!) to eligible homebuyers. Outlined below are the homebuyer eligibility criteria, FRP financing terms, and steps in the home-buying process.
National Foreclosure Settlement Program:
As part of this program, Kane County's Office of Community Reinvestment is also working in partnership with the Community Foundation of the Fox River Valley under the National Foreclosure Settlement Program to purchase and redevelop foreclosed homes under a grant funded by the office of the Illinois Attorney General.