foreclosure! i'm about to loose my house and i'm wondering if there are any government grants that can help me?
i have not been able to pay for morgage for a couple of months due to harsh circumstances and i heard that there are many government grants available to prevent foreclosure. can someone please tell me about grants that i can trust. i really don't want to loose my house. i would trully appreciate any help that you can give me. also if there are grants or programs that i should not trust please tell me about them. thank you.
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- If your home is a Fannie Mae insured loan call your lender, they will know, and inquire about the "Homesaver Advance" program. You may have to talk to a Supervisor as the front line often has no clue. It will act as a 2nd or 3rd mortgage but bring you completely current. It is repaid over 15 years at just 5% interest and your first payment is not for 6 months.
- We have not seen any government grants for 15 years. It is amazing that scammers keep advertising them in 2009. There are some city and state programs to help people but the waiting list is long. Your main hope is to re-negotiate with your current lender. The best you can hope to get is 6 months with no payments; or they change your loan to 40 years and lower the interest rate..
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