CP FCU To Give Away Foreclosure
JACKSON, Mich. – CP FCU plans to give away a four-bedroom house next month as part of its "Wish Upon a Home" promotion.
The 1,780-square-foot foreclosure has hardwood floors, a patio, a fenced-in yard and is in good condition.
The home will be awarded under a mortgage agreement that will require the resident to live in the home for five years and own the home free after that. The winner will be responsible for all property taxes, insurance, utilities, maintenance and normal living expenses.
Qualified applicants will be asked to complete a formal application, a potential interview and be subject to background and credit checks. Applicants must meet certain income requirements, live in Jackson County and be in need of adequate, affordable housing.
A panel of volunteers from local agencies and non-profits will choose the winner.
The credit union will announce the winner at a celebration on Sept. 3.