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Wed May 8, 2013
Grants offered for veterans going into foreclosure
ASSOCIATED PRESS -
Michigan military service members and veterans struggling to keep their homes because of the mortgage foreclosure crisis could be eligible for financial assistance from the state.
Attorney General Bill Schuette and the Director of the Michigan Veterans Affairs Agency Jeff Barnes announced Tuesday that $5 million is now available to assist military service members and veterans who are losing or have already lost their homes to foreclosure since 2006.
Eligible Michigan residents include active and reserve military service members, Air and National Guard, honorably discharged veterans and surviving spouses of Michigan service members who had a combated-related death.
The grants will be granted on a first-come, first-served basis until the money runs out. Grants will be sent directly to the vendors, like the lenders.