Home buyers have options in foreclosure-filled market

In addition to Lee County's 18.2 million, Cape Coral ($7 million) and Fort Myers ($2 million) also have received funds through the Neighborhood Stabilization Program, which seeks to mitigate the damage done by foreclosures. That’s a worthwhile goal, an effort to reduce blight and empty houses in hard-hit areas. The U.S. Department of Housing and Urban Development oversees the program and is forcing quick action. All funds must be designated by July of 2010 and spent within four years.