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Buy a Home With a Government Grant Avoid this Scam
Filed Under (Articles) by admin on 18-07-2006
If you watch enough late night television, you’ll see advertisements that suggest that the Federal Government is giving all kinds of things away. You’ll see ads for auctions that promise that you can buy a Ferrari for $500 or a home for $1000 through “government liquidations” or some such thing. You’ll also see ads that promise to tell you how you can get money for free to purchase a home. Is this for real? Will Washington provide you with money to purchase a home?
It shouldn’t surprise anyone who wasn’t born yesterday that these ads that sound too good to be real are just that. Yes, the Government makes millions of dollars available for certain uses, and yes, some of those uses include housing. But little of that money is available for individuals, and none of it is available for John Q. Public to buy a home on a golf course in Shady Pines Estates. Most of the available funds are available only to businesses and other organizations, not individuals. You can obtain grant money if you own a company that would like to build a 100-unit apartment complex for low-income residents. You might even obtain some grant money if you’d like to overhaul a 100-year old home in a blighted neighborhood as a step towards urban renewal. You won’t get the money to build or buy the mansion next door to Tiger Woods.
So yes, funds are available, but only under fairly limited circumstances. And the process of applying for and
