Reid Highlights $100 Million Fund For Nevada’s Struggling Homeowners

Washington, DC – June 23, 2010 – (RealEstateRama) — Nevada Senator Harry Reid today announced that Nevada would soon receive more than $100 million to fight foreclosures and help homeowners who owe more than their homes are worth. Nevada is set to receive the most funding per capita out of any of the five states that will receive funds from the Obama Administration’s “Hardest Hit Fund.” “I told President Obama and Secretaries Donovan and Geithner that Nevada needs help and I thank them for responding,” said Reid. “Now it’s up to banks and credit unions to step up to the plate so that this $100 million will have the maximum benefit for homeowners to reduce principal amounts and provide lien relief.”