How do you obtain a Govt. grant/loan to prevent foreclosure

gibbsm · Joined: 24 Jul 2007 Posts: 2 2.04 Dollars($)

How does one go about obtaining a Government grant to prevent foreclosure or the purchase a home?

Guest 0.10 Dollars($)

There isn't any such loans available but you can seek counseling service from HUD.

larry · Joined: 27 Jun 2007 Posts: 3328 473.51 Dollars($)

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

0.10 Dollars($)

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.

miller_st · Joined: 17 Jan 2007 Posts: 917 168.82 Dollars($)

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?

Niicss · Posted: Thu Jul 26, 2007 3:16 pm Post subject:

Guest 0.10 Dollars($)

Minnesota - lssmn.org/debt/housing.htm (Foreclosure prevention counseling and foreclosure assistance loans)

All times are GMT - 7 Hours

Page 1 of 1