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Real Estate Tips
Financing Your Home >FHA Advisory

If you are in default on an FHA-insured mortgage, and the lender intends to foreclose, you should know about the Mortgage Assignment Program. You will have to provide certain information to the FHA to apply for this program.

To be considered eligible for assistance, the home must your principal residence. You must be at least three full payments behind on the mortgage, and the reason for your failure to make the mortgage payments must be due to circumstances beyond your control, such as unexpected unemployment. The FHA must be reasonably certain that you can resume making the payments at the end of 36 months and that the accrued deficiencies will be paid back before taking over the loan.

The Veteran's Administration also has a mortgage assistance program for those who have VA mortgages.

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Real Estate Trivia
Q 
What area in the U.S. has been referred to as the "American Riviera"?

A 
Miami Beach in Biscayne Bay is Florida's pre-eminent place for "people watching" and a hot spot for celebrities.
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Team Swanson, REALTOR®, real estate agent and broker for Sacramento, El Dorado Hills and Granite Bay, California home listings, property and land for sale - NUMBER1EXPERT(tm)

Team Swanson
Greenrock Realty

5200 Sunrise Blvd. #4
Fair Oaks, CA  95628
916-601-4141
Fax: 916-859-0382
robertswanson@NUMBER1EXPERT.com


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