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COMMITTEE ON BANKING, HOUSING AND URBAN AFFAIRS

WILLIAM PROXMIRE, Wisconsin, Chairman

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AEV7133

S. 1988__

CONTENTS

Report from Department of Housing and Urban Development.

LIST OF WITNESSES

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Frederick Craig, loan guaranty officer, Veterans Administration Regional
Office, San Francisco..

(III)

Housing advisory and appeals board, Resolution No. 2850_
Evaluation Report: The as-is property disposition sales program.
HM mortgage letter 74-14 from H. R. Crawford-

ADDITIONAL STATEMENTS AND DATA

From the East Oakland Housing, November 6, 1974.
Article from the McGraw-Hill News, Chicago, Ill.

City of Oakland, letter from Cecil S. Riley, city manager, to the city coun-
cil..

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Bank of America News, "Unique Bank Programs To Aid Blighted Areas of Three Cities".

104

Preliminary report by Michael L. Grigoni, housing foreclosure and abandonment..

114

HUD, Housing Management, H. R. Crawford__

127

Veterans Administration, letter to Senator Cranston regarding abandonment..

140

TABLES

Critical path of defaulted home.

HUD aquisitions by FHA program.

57

116

Cities with over 25 HUD-acquired properties as of March 12, 1975. Number of HUD owned properties, Los Angeles area office, by city, by program----

118

118

Foreclosure process under deed of trust___

122

Calculations to determine greatest net dollar return for programming consideration____

123

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