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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 
Which U.S. hotel has more fountains than any other hotel in the world?

A 
The Bellagio Hotel in Las Vegas, Nevada has more than 1,000 fountains embellishing an 11+ acre artificial lake.
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Patti Wood, REALTOR®, real estate agent and broker for Chino Valley, Prescott Valley and Prescott, Arizona home listings, property and land for sale - NUMBER1EXPERT

Patti Wood
Century 21 Pauley and McDonald

901 South Hwy 89
Chino Valley, AZ 86323
928-636-2328
Fax: 928-636-4759
PattiWood@NUMBER1EXPERT.com


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