Federal Grants For Mortgage Borrowers in Default [mortgage-assumption.blogspot.com]
We all know the government isn't going to offer REAL federal mortgage assistance. But there is help as the video explains. 888-653-3815 or calltostopmyforeclosure.com
mortgage-assumption.blogspot.com Federal Mortgage Assistance
Among the practices of concern are failing to give service members accurate information on federal mortgage assistance programs, urging them to waive special ... Feds move to help out underwater military homeowners
Especially in a turbulent housing market, where default and foreclosure are rather commonplace, some borrowers seek assistance. For mortgage borrowers that are facing default on their mortgage or foreclosure on their home, there are some home mortgage assistance grants that are available on a federal government level. Each grant has its own eligibility requirements and amounts of assistance can vary greatly, so be sure to consult with the federal government, local entities and nonprofit organizations that oversee these programs for the details on how to qualify for and how to apply for the grant.
Definition of a Grant
The most popular form of a grant and the type of grant that most consumers are familiar with is an educational grant to cover college education tuition and expenses. Educational grants lend the meaning to the term "grant" that consumers tend to think that it implies it is free money that does not have to be paid back (as is the case with the term loan, where people pretty much know that they have to pay the money back to the lender).
When it comes to federal mortgage grants, it depends on the grant as to whether or not you have to repay the money given to you. Some grants do not have to be paid back while other grants are meant to temporarily assist homeowners until they can get back on their feet.Where Grants Come From
Federal grants for mortgage defaults come from the U.S. government, but the grants may be overseen or distributed to recipients through various programs or organizations. Some of the top agencies or segments of the federal government that issue mortgage default grants include the U.S.
Housing and Urban Development (HUD), which oversees federal mortgage grants that fall under the jurisdiction of the American Recovery and Reinvestment Act (ARRA).Grant Distribution
Even though the grant money stems from the federal government, local government, municipalities or non-profit organizations may distribute the grant funds these organizations may also be directly involved in the grant application, approval and denial process. For example, of the $ 13.61 billion allocated from ARRA, a portion of these funds were distributed to states, counties, municipalities and non-profit organizations to assist mortgage borrowers currently in default or heading for default on their mortgage.
Recommend Federal Grants For Mortgage Borrowers in Default IssuesQuestion by felixnovak80: Should mortgage-forecloserees be given federal assistance? Proposed federal assistance to persons facing foreclosure on their homes is an example of selective socialism. This help along with the many others ,e.g., monetary grants to various socially impacting endeavors is acceptable to those who vigorously defend our capitalistic system of government. Could it be that these deviations are what supports capitalism? Best answer for Should mortgage-forecloserees be given federal assistance?:
Answer by Carl P
You use a lot of words that really say nothing. Our capitalistic government is in fact not, nor has it been from when Social Security was formed. We have been leaning and moving toward Socialism for a long time. However I do not believe we should give federal assistance to the Mortgage problem. In fact it is certain that the land speculators and developers will steal all the funding because they did not make the profits they wanted as to the home owners who got screwed by fast talking lenders.
Answer by MeinFuhrer!Icanwalk
No its bullshit. I have a feeling if we go through with it...we'll be seeing a lot of careless investments in the future. Or if we do end up we the assistance...we regulate these fuckers like crazy.
