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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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| Q |
What was the greatest land grant ever given to an English subject?
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| A |
William Penn arrived in October, 1682, to take over his enormous grant that later became Pennsylvania and Delaware.
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Michael Robles Coldwell Bankers Previews International 1427 Chapin Avenue Burlingame, CA 94010 Phone: 650-637-9900 Fax: 650-347-4067 Email: Mike@AgentRobles.com
I am an experienced real estate professional with incomparable knowledge of Burlingmae, San Mateo, Hillsborough and the surrounding areas. I have over 20 years real estate experience. I can assist you during the home buying or selling process. I welcome the opportunity to serve you.
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