How Is This Happening In America?

By
Real Estate Agent with thredUP.com

As I sit here I am stunned. Earlier I received the following email message

I know my previous message got lost  but maybe this one won't. We have been trying to help the following situation: 

  • Lawerence and his wife are elderly, blind and have limited means
  • Together they make $11,000 plus food stamps
  • They currently live in Government Funded Apartments that are in horrible condition
  • Lease ends June 30th and no leases will be renewed
  • They have no family and rely on each other

Lawerence and his wife are looking to purchase a small home to spend the later years of their life together in safety and peace.  No one person seems to be able to explain how to help them.  It seems this couple do not make enough to qualify for low income programs and they have $300 a month for mortgage with no reserves.

 Our office has contacted the following resources and we have gotten no where: 

My question to Active Rain is have you experienced this before?  Are there any resources that we have left out at the Federal Level?  Does anyone in Texas know of a program that could benefit this couple?

It's quite possible that there is nothing we can do to help these people but I don't want to leave any stone unturned.

 

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Comments 48 New Comment

Rainmaker
617,637
Randy Prothero
Hawaii REALTOR, (808) 384-5645
Island Style Realty Inc.
I am not sure how much homes are running in your community.  They could not come close to making the mortgage here in Hawaii in even the cheapest condo.  That sounds like a real tough situation.
May 14, 2007 10:37 PM
Rainmaker
80,265
Laura Warden
Choices Real Estate

I can't believe Habitat for Humanity has been no help. It sounds like it should be right up their alley.

May 14, 2007 08:49 PM
Rainmaker
201,028
Stephanie Edwards-Musa
knitwit at thred UP
thredUP.com

Hi Laura, We were working on this all day today.  Still nothing.  We are seeing if the parent company of Lending Tree can help.  All of the gov. org's. need atleast 3 months for just a response. But these people will be homelss in 44 days. 

We are still working on it though. Thanks for stopping by.

May 14, 2007 08:52 PM
Rainer
44,782
Marty Van Diest
Your Alaskan Realtor
Valley Market Real Estate

It sounds like they need some type of temporary housing while they work on getting into long term housing.  Either through a lease, rent, or buy.

If you go the route to buy I was educated by some clients recently that you can combine a rural development loan with section  8 housing assistance.  My people were able to work out what I believe is a 1% RD loan along with a section 8 grant so that a good sized portion of their mortgage which is at only 1% is paid through a section 8 grant.  It's complicated and time consuming and uses completely different channels but it works.  You don't talk to any private mortgage people for this loan.  Talk directly to your rural development contacts and to the section 8 people.  

May 27, 2007 11:31 AM
Rainmaker
201,028
Stephanie Edwards-Musa
knitwit at thred UP
thredUP.com
Thanks Marty!
May 27, 2007 11:34 AM
Rainmaker
201,028

Stephanie Edwards-Musa

knitwit at thred UP
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