Bernard Wilson said Helpful Citizens finds foreclosed homes through brokers and websites. The company receives no government funds, all employees are volunteers and any profits the company makes through sales go right back into its buying program, he said. So far, the five year old company has refurbished and resold about 20 homes, he said..
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The influence of Iran, which does produce a lot of oil and would normally have the potential to impact oil prices, has been effectively neutralized by sanctions against its oil industry, especially the threat of a European oil embargo scheduled to kick in July 1. The embargo is part of an effort by Western nations to get Iran to give up its nuclear ambitions, which it has been hesitant to do. While the embargo hasn’t been imposed yet, the global market has already factored in the loss of Iranian oil production, DeHaan said.