Posted on: 25th Jul, 2007 09:56 pm
How does one go about obtaining a Government grant to prevent foreclosure or the purchase a home?
There isn't any such loans available but you can seek counseling service from HUD.
Hi Gibbsm,
Welcome again to the forum.
Actually there aren't any such Government assistance loans/grants that will help you to prevent foreclosure. You can get help from the HUD, as said by Ryan. But it does not help with any foreclosure prevention assistance. It will just give you advice.
ACORN Housing is another organization who works like the HUD. They work with mortgage lenders and provide counseling program to homeowners who are on the verge of foreclosure. To know more on How acorn can help you if you are behind on payments, please refer to http://acornhousing.org/TEXT/fap8.php
Welcome again to the forum.
Actually there aren't any such Government assistance loans/grants that will help you to prevent foreclosure. You can get help from the HUD, as said by Ryan. But it does not help with any foreclosure prevention assistance. It will just give you advice.
ACORN Housing is another organization who works like the HUD. They work with mortgage lenders and provide counseling program to homeowners who are on the verge of foreclosure. To know more on How acorn can help you if you are behind on payments, please refer to http://acornhousing.org/TEXT/fap8.php
Limited grants ($5,000) are available starting in first quarter of each calendar year from the flubs via their members for purchase of a home. Money is "used up" now but keep your ears tuned in next year. Generally good deal but income limitations and 5 years OO required or prorata payback of grant.
I know about one such program it is called Neighborhood Housing Services of Cleveland Foreclosure-Prevention Loan Program ( http://www.nw2.org/WinningStrategies/display.asp?strategy=1052&offset=4 )
It provides foreclosure prevention loan to qualified delinquent borrowers so that they can bring their loan current. It is operational in Cleveland. Which state are you in?
It provides foreclosure prevention loan to qualified delinquent borrowers so that they can bring their loan current. It is operational in Cleveland. Which state are you in?
"How does one go about obtaining a Government grant to prevent foreclosure or the purchase a home?"
If you are in Pennsylvania, then one option is Homeowners' Emergency Mortgage Assistance Program (HEMAP)
Detailed information can be availed from - http://www.phfa.org/consumers/homeowners/hemap.aspx
This loan program helps to protect borrowers who are unable to make the payments and are facing foreclosure.
If you are in Pennsylvania, then one option is Homeowners' Emergency Mortgage Assistance Program (HEMAP)
Detailed information can be availed from - http://www.phfa.org/consumers/homeowners/hemap.aspx
This loan program helps to protect borrowers who are unable to make the payments and are facing foreclosure.
Minnesota - lssmn.org/debt/housing.htm (Foreclosure prevention counseling and foreclosure assistance loans)
I'm in Texas
Are there any grants around to help an individual prevent foreclosure?
Looking for a Grant of $10,000.00 to remodel the interior and exterior of my home. I am senior citizen in PA.
short sale is better option to avoid foreclosure auction. there is no grant or assistance available!