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Medford resident Tom Ellis had mixed feelings of joy and dread when his $192,000 offer on a foreclosed house in the Abraham Lincoln Elementary attendance zone in east Medford was accepted by the owner bank.
"I was happy I found a suitable house in the right neighborhood, but what do I do now?" Ellis says. "I need money to fix it up."
Soon after that, Ellis found a newspaper article about the new federal Neighborhood Stabilization Stimulus Program in the break room at his workplace.
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