I could not believe it when I found out that I could get free grant money to buy a foreclosed home - up to $50,000 to buy a foreclosed home in my area. I mean $50,000 that is quite a chunk of change. My state has received 4.3 million dollars for this program.
I just about fell on the floor. Finally, I could get a home for virtually half the price. Heck, you do not even have to live in my county to qualify and buy a home here but after purchasing the home it has to be your primary residence. Duh!! Why wouldn't I live in my half-priced home?
Of course, there are some qualifications, but it may not be what you think. Usually these are given out to the poorest of the poor. This time, however, it is for us moderate to middle income people. People just like you and me finally have a chance at some of that home buying free government money. Depending on the size of your family you can make up to $61,000 and still get the free money.
Actually, they are calling it government assistance...a loan of up to $50,000 to buy a foreclosed home with 0% interest. But here is the kicker. If you sell the home before the "affordability period" of 10 to 15 years then the money must be paid back, however, if you stay in the home past that time period then the money is forgiven. Yes, that means you get $50,000 free and clear. Sounds like some free grant money to buy a foreclosed home to me.
I hope that you are as excited about this as I am. Just think, if my little county is getting this money how much is your county getting? You many never know unless you do some digging. There are billions of dollars that the government puts aside for different causes each year and if you are not aware of them, then you will not be able to take advantage of them. Not only is this money usually hidden from public view but the application process is usually confusing and a little tricky in the wording.
Free Grant Money to Buy a Foreclosed Home - Get Up to $50,000 And What You Must Know