Dismiss Notice

Welcome To CK5!

Registering is free and easy! Hope to see you on the forums soon.

Score a FREE t-shirt and membership sticker when you sign up for a Premium Membership and choose the recurring plan.

Anyone know anything about gov. grants ??

Discussion in 'The Lounge' started by Z3PR, May 31, 2005.

  1. Z3PR

    Z3PR Banned

    Joined:
    Mar 30, 2002
    Posts:
    19,217
    Likes Received:
    0
    Location:
    Everywhere
    I'm looking at a in Omaha, Ne. Being poor, I'm trying too get information on Gov. grants. Anyone know anything about getting a gov. grant too buy a house ??
     
  2. diesel4me

    diesel4me 1 ton status Premium Member

    Joined:
    Jul 24, 2003
    Posts:
    17,537
    Likes Received:
    923
    Location:
    Massachussetts
    Late night TV...

    I see shows(infomercials) on TV late at night all about attending a seminar at local hotels to listen to a speaker tell you how to apply for the government loans for homes,businesses,etc...

    Then there is that "clown" looking guy with the squeaky voice on another commercial,selling a book all about government grants and loans that you dont have to pay back!...I think the website is www.getfreemoneytopayyourbills.com or something similar to that--a search on google will probably find the right web adress if that one is wrong..I'm tempted to look into that myself--since I'm nearly broke and might be homeless after my mom passes,and I need dental work bad,I have to do something soon... :(

    I've been watching another infomercial about buying tax lein property--they are showing houses selling for anywhere from 75 bucks to 30,000 or so,looks too good to be true,but they swear its not!..I'd love to buy a house for a few hundred bucks and live in it,or sell it for thousands more!--but I bet they fail to tell you they are in the middle of nowhere,or in the crack infested ghetto's of the larger cities...I just dont think even the government is stupid enough to sell a house or property for a few hundred in back taxes,when THEY could sell it for near market value themselves--just does not sound kosher to me at all..??????? :crazy:
     
  3. tiger9297

    tiger9297 1/2 ton status

    Joined:
    Jul 23, 2004
    Posts:
    1,205
    Likes Received:
    0
    Location:
    Tupelo, Mississippi
    I own an Aviation based company and looked into grants after 911. Actually there were no grants available. Only low interest loans. I'm not aware of a grant to buy a house. I know there are interest breaks for first time buyers or some sort of discount. A grant though seems a little too good to be true seeing as how a "grant" usually does not have to be repaid. On the low interest loans I looked into for my business they wanted me to put up EVERYTHING I owned including my home and all personal property. I without hesitation threw that loan package in the trash. I'm not sure how it would work on a home but I'm sure if it's available everything you own vehicles and all would have to be used as collateral. I can't say for sure what you would be up against I'm just giving you my past experience. I feel 99.9% sure that you will not find any "free money" available though.
     
  4. divorced

    divorced 3/4 ton status

    Joined:
    Jul 20, 2004
    Posts:
    5,115
    Likes Received:
    0
    Location:
    .
    I got a job and bought a house, not a grant to buy a house. Why do you want all of us hard working over taxed fools to pay your way? Why do you need a grant? Can you not work? I am poor also, yet I seen to do just fine without "public assistance".


    *A personal attack was not intended, I just get tired of being overtaxed to pay the way for people "down on their luck" (read - lazy). I have a long list of medical conditions that would easily qualify me for disability, yet I work 60-70 hours a week so I don't have to depend on others. BTW - I don't even own a TV, let alone one the width of a mobile home, or any amps or subs - priorities!*
     
  5. Z3PR

    Z3PR Banned

    Joined:
    Mar 30, 2002
    Posts:
    19,217
    Likes Received:
    0
    Location:
    Everywhere
    Simple answer. If grants are availble, why not take advantage of them ?? I see that guy on TV wearing the suit with the questions marks all over it talking about grants. I even bought one of his books. (Can't follow half of it, LOL) But why not take grant if I can get one ??? Can you answer that one ?? Might have too buy this book now.
     
  6. 84k5

    84k5 1/2 ton status

    Joined:
    May 13, 2000
    Posts:
    2,949
    Likes Received:
    0
    Location:
    Dublin, CA
    That is really weak logic. Just cause it is there does not make it right. Get a job like everyone else and buy a place yourself.
     
  7. divorced

    divorced 3/4 ton status

    Joined:
    Jul 20, 2004
    Posts:
    5,115
    Likes Received:
    0
    Location:
    .
    So I don't have to pay such a high tax to support people like you who refuse to apply themselves. So you are saying that there is nothing wrong with living off of others? I will think of you every time I look at my check stub and see how much I've been raped on taxes. Why don't we all just get government grants! Then when none of us are working we can all live off of what? Remember - "undocumented immigrants" don't pay taxes. You are the grasshopper. You do nothing to help our failing society.
     
  8. newyorkin

    newyorkin 1 ton status

    Joined:
    May 8, 2001
    Posts:
    16,555
    Likes Received:
    157
    Location:
    Los Estados Unitos
    I've been checking out Leins and tax sale properties. Some of it IS too good to be true, but there are already pro's that know what they're doing snatching the good properties up.
    Tax sale stuff is tricky, and riskier than it appears on the surface. The title you get through a tax sale/lein default is a "Quit claim deed", not clear and free title. It's almost impossible to get title insurance on a quit claim deed, and costs quite a bit in legal fees or lawyers to clear the title in order to get insurance and make the property easy to re-sell. I've also read of several cases where the county incorrectly processed and sold a property, and someone with a legit legal claim on it appears out of nowhere, and snatches it back out from under you in court. Ends up costing a lot of money in legal fees at that point, even if the purchaser gets their purchase money refunded.

    There are cases where you can get a clear title through a tax sale, usually those are judicial sales where a court has wiped the property of all debts except IRS liens and local community debts (Homeowners ass. fees, etc). But those properties are usually un-sellable or unbuildable, which is why the county has not sold them until a judge wiped out all liens on them.

    In probably about 7 or 8 months of watching various counties, I finally came close to making my first tax property purchase a few months ago. I didn't know, the property had been sold just a few weeks before I made an offer (it took quite a bit of time to research the property), but I got in touch with the new owner just to see what his story was on it. He offered to sell it to me for 1000% what he paid for it (I would've paid what he paid, and re-sold it the exact same way).

    Tax sales can be a way to make a living, and pretty profitable, but like anything else, it's not as easy as the guy selling the "how-to" kit makes it look.
     
  9. Leper

    Leper 1/2 ton status

    Joined:
    Feb 18, 2005
    Posts:
    4,437
    Likes Received:
    0
    Location:
    Dallas Baby!!!!
    Grant not likely

    Having done almost all the doable research on this, I will tell you it is next to impossible without professional assistance. The wording on the documents has to be perfect. The phrases must be exact, I can't put into words how exact they must be. If there is 1 mistake you won't even know it for about 6 weeks. Before you even get to that point, if you are a white male, forget about it. The grants for a home are allowed on a weighted scale of need. i.e... ability to work, # of kids, ethnic background, gender, age, specific situation, etc. I know it sounds like the reverse of equal oppertunity, IMO it basically is. If you are an elderly female that has been widowed by a U.S. veteran and are raising your grandchildren while living in a shack....your chance is only about 50/50. It truely is not worth the time to research it.
    About the comment on the above post, The money is there, it is going to be used by somebody for something. States are allowed grants by the Federal Gov. If they do not use ALL of their grants in a timely manner, their grant allowance will be less in the future. This includes grants for people like you and me and the grants the Goverment gives to states for assistance in everything from disaster relief to fixing potholes. The states want you to use the money if you can get it. "Use it or lose it" is their motto also. They must keep them even though. If there is an ethnic minority or majority it doesnt matter because the Fair act does not allow more of the majority to have more of the money. If there are 5 ppl that are group "a" and 50 in group "b" and their is enough money for 10 people, there will be about 45 pissed people in group "b"
    HERE IS THE IMPORTANT PART!!!!!
    The best deals on a house can be had by looking in the newspaper, look at the auctions there. Foreclosures and tax alike. The better ones will make you bring about a grand in cash or certified funds to the auction so they know you are serious about buying, and not just there to mess around. With the housing market like it is right now a good auction is hard to find. If you don't mind making repairs or fixing one up, deals can still be found. A couple years ago I bought a house for less than half of the tax appraised value. The tax appraised value is generally about 8-14 grand less than the price people ask for a house when they sell it. If you would like to test that, find a house for sale in your area and then look at the central appraisal district for that county and see what the tax value is for the house and compare it to the asking price. BTW... If you dont know the web address try "yourcountycad. com "or gov or org Like www.collincad.org
    Sorry for the long post but the info here is all relevant to the question asked.
     
  10. Z3PR

    Z3PR Banned

    Joined:
    Mar 30, 2002
    Posts:
    19,217
    Likes Received:
    0
    Location:
    Everywhere
    Weak logic my ass. Why shouldn't someone like you or me try too get a grant ??? Millionares get them all the time and they have way more money then the vast majority of us. Too be blunt, I struggle too put a few bucks away each month after the bills are paid. I own a mobile home that I might be able too get $18,000.00 out of, but probley more like $15,000.00 . I've got less then five grand in savings. So I would not feel bad one bit what so ever about getting a grant. Do I think I will ever get one ?? Probley not, but I'm still willing too try. The way I see it, doesn't matter if I got a grant or not, it wouldn't lower anyone's taxes if I don't.
     
  11. eric22

    eric22 1/2 ton status

    Joined:
    Oct 10, 2003
    Posts:
    139
    Likes Received:
    0
    Location:
    Lemoore CA
    more likely there might be a local "home buying program" and its probibly differnt but try to ask around at the county or city office. Here its a "first time home owners" program, and its not free money, its local tax set aside i believe to subsidize some of the interest, and maybe even the downpayment, its for lower income people, i would try it out, see if you qualify.

    and i would much rather have my tax $$ go to a hard working family to help them out then most of the other "things" our government wastes it on
     
  12. eric22

    eric22 1/2 ton status

    Joined:
    Oct 10, 2003
    Posts:
    139
    Likes Received:
    0
    Location:
    Lemoore CA

    sure they do, every time time they buy beer, cigs, clothes, food, ect. they pay taxes, and since most poor people dont save, invest, buy realestate, they pump all the money they make back into the economy, except for, of course the money they might send "back home" ;)

    i dont like people to cheat, or manipulate the system either, but the system is there to be used, write to congress then
     
  13. Z3PR

    Z3PR Banned

    Joined:
    Mar 30, 2002
    Posts:
    19,217
    Likes Received:
    0
    Location:
    Everywhere
    Only thing is I want too move back to Omaha. It's nice up here, but the "cost of living" is lower in Omaha.
     
  14. ncbloodhound

    ncbloodhound 1/2 ton status

    Joined:
    Aug 18, 2003
    Posts:
    400
    Likes Received:
    0
    Location:
    Indian Trail, NC
    It is called socialism, but I don't blame anyone for taking advantage of what is out there....
     

Share This Page