New Grant Program Puts Freeze On Mortgage Meltdown
Released on: July 25, 2008, 9:38 pm
Press Release Author: T. Gerard Williams / Epitome Investment Group
Industry: Real Estate
Press Release Summary: A Miami Investment group is determined to challenge the current mortgage meltdown head on with real estate grants of thousands of dollars to qualified home buyers.
Press Release Body: A Miami Investment group is determined to challenge the current mortgage meltdown head on with real estate grants of thousands of dollars to qualified home buyers. The housing, banking and mortgage industries are currently suffering from their past mistakes in lending practices leaving hundreds of potential homebuyers caught in a vicious cycle of wanting to purchase the house of their dreams and having no lending sources available to provide funding.
Epitome Investment Group in conjunction with T.G. Williams Community Development Corporation, a non-profit faith-based organization, has implemented a generous phase one grant program that not only helps homebuyers with money that does not have to be paid back but also assists them with locating homes, pre-qualification for home purchase, mortgages, credit repair, if necessary and establishing possible equity in the property to be purchased. \"All too often poor or no credit stands between buying a home and just wanting to purchase one\" says T. Gerard Williams, \"but we have established programs that look past mere credit worthiness as the only criteria for home purchasing. We firmly believe that past errors in life should not cancel out the future.\" This grant can be used for various purposes throughout the home buying process at the grant recipients\' discretion. The homeowner can use these funds as the required down payment, towards the closing costs, for moving expenses or even furnishing the new home.
The real estate market changing to a buyers market has opened the door to hundreds of new prospective buyers with sufficient funds to make an earnest deposit who find that the lending doors have slammed closed. We help with grant money awards provided from a pool of private investors with the strategic focus of home ownership that results in community improvement to foreclosure blighted communities. \"A glut of foreclosed and abandoned homes harms neighborhoods, frustrates homebuyers and delays a community\'s recovery,\" asserted Brian D. Montgomery, Assistant Secretary of Housing-Federal Housing Commissioner. Our communities are being devastated through home losses, property values are declining, crime is escalating in these devalued neighborhoods and something drastic has to be done. Usually when the word drastic is mentioned it is often followed by the word money as the possible solution. Epitome Investment Group has accepted the challenge to \"put their money where their mouth is\" by making these grants possible. We see a definite need and we would be remiss if we didn\'t try to be a blessing to someone,\" says Williams, \"in this case we truly are our brothers\' keeper.\"
To apply for these grants visit the website located at www.epitomeinvestmentgroup.com/grants.
Web Site: http://www.epitomeinvestmentgroup.com/grants
Contact Details: Contact: T. Gerard Williams 18520 N.W. 67 Ave Suite 116 Miami Lakes, FL 33015 305.804.1487 RainMaker314@gmail.com