My husband and I have been selling HUD homes for 20 years and probably sell more foreclosures than any other realtors in our area. The people buying them do have to go through the same process as buying any other home. The buyer when making a bid on them has to have an approval letter from his bank or mortgage company showing he is qualified and has the funds to close. We have to send that letter in with the bid. The only difference in buying a regular home and a foreclosed home is that they get them at a HUGE discount! It really is amazing the low prices they buy them for! Most of the investors that we are selling to (in this bad economy now) are buying them and then fixing them up as rental property for the time being until the market comes back around. They will then sell them for what they are really worth and make a fortune! We really are not familar with any grants out there where you can purchase foreclosed properties but if I can figure out how that might be possible I will certainly let you know! Thanks so much for your inquiry!

I have owned my Real Estate Company since June 1991. I let a real estate agent come to my company in 2005. Last year I caught him in my building with illegal drugs and because of that I terminated him. After I terminated him he signed a contract with our local Yellow Book area wide phone directory changing my main company number to his own personal cell phone number!!! Now my company gets no real Estate calls because they all go to him!! This has caused me to loose almost all of my income and for the first time in my entire life my building and house payments are in default!! I have recently added loan originators and various other companies to rent from me but for the time being until I can get these new originators going I am totally broke and desperately need help with approx $5000-$10,000 so that I can get my bills caught up. I am a victim also of identity theft----someone in the country of Romania is using my name and my address and is selling laptop computers. He has totally destroyed my credit!! I have hired an attorney to help me get that solved but for the time being I cannot borrow money to keep my bills current. I will have a very decent income but it will be about a month. I have been selling my furniture just to have enough to eat and keep the utilities on but I have just about run out of anything to sell. I would be willing to pay a very high interest rate if someone would just please be kind enough to just loan me this $5000 to $10,000 !!( I would be glad to have an attorney draw up any kind of paperwork to protect you in making sure that you get paid back plus a very high interest rate).Any consideration of ANY amount would be most greatly appreciated more than you can ever possibly know!!  Thanks in advance!