government funds to help consumers save their homes.?

Question

I have a small business,but I need funds to help people save their homes from foreclosure. there are a lot of families that losing their homes due to these predotory lending scams,families fell for these scams and now they are losing their homes,also the lost of jobs,but most of these people have regained employment and now its a struggle for them to play catch-up. who do I turn to and what type of contact can I get to help these people. This is a struggle for them. What can I do and who can I turn to. Will toe government help me with a grant? If so who do I call?. I want to help these families so much. Ifs ashame to stand by and watch these families loose their homes, frosty

Answer 1

I work in the mortgage business and before you make an assumption and statement based off of knowledge provided by radio and tv stations you need to know the facts. The reason for such a climb in foreclosures is because of the changes in the market. Yes there are shady people that work in my business that placed people into programs that shouldn't be in those programs. But here in Las Vegas for example, we had such an explosion in appreciation people cashed out equity to pay off debt they accumulated among a number of other things. Homeowners are so easy to point fingers and place blame on everyone else but themselves. I've had clients that are 150k + upside down on there house. And with that said they refinance EVERY year to pay off debt or take cash out. Now whose to blame?! I do feel bad for people that are losing there homes in a sense. But i know the market and i know what people get themselves into, ESPECIALLY in Las Vegas. Alot of people today live soooo far outside they're means it's unreal. When you purchase a home, you take on probably the biggest financial decision you'll ever make. People need to educate themselves and realize what they can or can't afford. But If you want to help these people. Become a loan officer!

Answer 2

the goverment should not be i nthe business of bailing out people weather due to predatory lending or people who bit off more than they could chew
the market will correct itself ( as it's doing now.. ) and the subprime lenders ( where most of the ation took place ) are going or have gone bankrupt ( with New Century in Irvine next to go .. YEAH!!!). the rise in foreclosures is as should happen, what bother me more is that he FEd did not put on tight restrictions for the cheap taxpayer money it lent out to all parties concerned. Loan agents are responsible in the fact that they KNEW this day was coming and did not care so as long as got their commision with interest only and no doc and 100% financing. RE agents were happy to go along as cheap money meant speculation and soaring home values which meant more and bigger and fatter commision on home sales,
1st time homeowners ( the one who are default in the highest numbers ) felt pressure by all parties to buy now or forever be locked out. You do not see a concerted effort by all those parties who made all the money to bail them out ( Mortage Brokers, RE Agents..Speculators.. etc.. ) as they got what they wanted ( big paychecks ) and do not care what the fallout will be. The only upside is that all the layoffs and bankruptcies in the mortage industries is a godo thing ( as shake outs are alwasy a good thing ) and that the only good thing that might come out of this will be regulations ( right now there are none ) for the mortage industry and or Walmart stepping into the home loan picture ( something the banking industry really does not want and has been fighting them tooth and nail, they really do not want a huge corporation throwin it's weight around and possilby leading to better loans at a much lesser cost )

Answer 3

Did the people you speak about lose their jobs all at once? Was this a large layoff that the govt COULD actually help them 'squeeze' through the difficult times? The thought of losing a home is so scary! Are they losing their homes due to not paying their mortgages? If they are losing the homes due to outside creditors, there is hope. Tell each family to go to a stationery store, buy a homestead (for the home/land) paper to fill out, have notorized when signing, and to file it at the County clerk's office at their Court House. This fends off outside creditors from taking the home or land. If they go bankrupt, they must still pay for their mortages, but, they will not lose their homes, due to the homesteading, by other creditors trying to grab their home. I'm homesteading my home right now!

Answer 4

There is only so much you can do. Remember, these people have themselves to blame. One should have work on the numbers before getting carried away and jumped into big ticket items such as houses or cars. These are basically commercial decisions and don't think it appropriate for the government to stepped-in using public funds.

Answer 5

how can I get help to buy out by sisters. my mom passed away two years ago and left my youngest ist extive of the will. its still in probate and shes trying to sell it. I m been living here before my mom passed because I was taking care of here. now I am getting evicted because of back taxes and none of my three sisters don t want nothing o do with . its a duplex house so there would be income coming in to help pay. I just need help to save this house. I only have til June 16, 2016 and then I m homeless. please help me.

Answer 6

I don't know about government funds but why don't you try to be a "Foreclosure Service Company" agent to help people? There is a huge resource network for you to use to help people, I think.

Answer 7

Stimulus does no longer were needed if the authorities would have kept their noses out of company and allowed the loose marketplace to prevail. And which potential Barney and Dodd might want to no longer have forced banks to provide loans to those who were undesirable risks. I blame the authorities 100 % for the predicament we are in. And Obama grew to change into president on the worst conceivable time. His significant purpose in life became to spoil the US and he walked into the ideal putting to achieve his purpose.