Mortgage Assistance Grants
With the amount of foreclosures climbing throughout the country the government is working to help people with their mortgage. While some mortgage assistance grants deal directly with organizations that in turn help homeowners, others are obtainable directly. Before you lose your home, look into grants to help with mortgage payments.
Unfortunately the number of scam artists is rising at the same rate as the number of people needing government mortgage grants. They are cruelly preying on frantic people. Guard yourself by seeking out only recognized and approved government mortgage assistance grants. Do not do business with anyone that asks you for money or offers a deal that just sounds too good to be real. Additionally, the government sites dealing with federal mortgage grants will freely give you all the information you need to apply – so don’t pay for a CD or DVD that promises to educate you on the process or worse, promises you quick cash. An Internet search will pull up the bad along with the good. Be cautious in what you are looking at to be sure that the source is reputable.
Begin with the usual government sites, such as:
U.S. Department of Housing and Urban Development (HUD). HUD has a number of programs to avoid foreclosure.
Grants.gov. http://www.grants.gov/ is a tool to check the legitimacy of a grant you are investigating. It could be a scam if it is not listed on that site. You can locate and apply for legitimate grants here.
Besides governmental offices, there are other organizations designed to counsel and assist homeowners that find themselves in a financial bind. Some are open to anyone, where others are for members of their organization. For example:
HopeNow. Information and counseling can be found at https://www.hopenow.com/index.php.
NeighborWorks. America’s National Foreclosure Mitigation Counseling Program. Information about this program can be found at http://www.nw.org/network/nfmcp/default.asp.
American Federation of State, County and Municipal Employees, AFL-CIO (AFSCME). They provide a Mortgage Assistance Hotline that is free and confidential for their members.
One of the very first things you should do when you know you are falling one or two months behind is to communicate with your lender. Don’t wait until they begin using credit collection methods and foreclosure steps. Your lender knows that these are difficult times and has more than one account in your situation. They may or may not offer you something themselves, but they will appreciate you talking with them and will be glad to tell you about any programs they know about.