Grant money available for homeowners and investors

Real Estate Grants
From the real estate investor’s perspective, it’s a great time to buy and hold if you have the resources. Properties can be purchased for pennies on the dollar. The market is saturated with foreclosures, and banks don’t seem to be willing to negotiate with people who are behind on their mortgages.
They are willing to negotiate with investors or potential buyers though. Before there weren’t many banks willing to negotiate a short sale-and accept less on the first or second mortgage unless you were a realtor representing the seller. Many banks are now willing to accept proposals for short sales from investors who are looking at buying the property from the bank. As long as the investor can prove that the home owner is not going to receive any sort of financial gain from the transaction. A hardship package still has to be filled out and submitted on behalf of the homeowner, but the requirements don’t seem to be as steep.
It’s also a great time to be able to help people who are in foreclosure. So many people have lost their jobs and got in way to far over their heads with all of the crappy mortgage programs that were being pitched by predatory lenders. Once their income dropped, a lot of people have gotten in big financial trouble. Most mortgage payments are such a large portion of people’s monthly expenses, that once they get a couple of payments behind it is difficult to get caught back up. After a while, they just don’t care anymore, and want to just move on. It can be a win/win situation for both parties if you can help them get out of their mortgage without getting a foreclosure on their credit record.
However, there is also additional help for homeowners through Obama’s mortgage relief plan. The government will be offering banks and other lenders incentives to work with the homeowners who are in default-by negotiating better terms on the loan, waiving fees, etc.
There are a couple of great sites to go to if you are an investor looking to find a grant to buy property, or a homeowner looking at getting help with your mortgage. The fastest way to find a grant is to go to http://www.GrantGenerator.com and use their software to quickly find and apply for grants that pertain to your qualifications. You can also go to http://www.hud.gov or http://www.grants.gov but it is difficult to find exactly what you are looking for, and it takes quite a lot time to go through everything. http://www.hud.gov also has other mortgage and down payment assistance programs that homeowners can look through to find help.
Real estate investing grants a pretty limited, and the qualifications are mostly limited to certain areas. But for homeowners, there are some decent programs. There are still qualifications, but they are not as stringent.
Hopefully we will see this economy start to pick up in the next year or two. We will see what Obama has in store for us. In the mean time, at least some people are getting some relief.