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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 house is considered to be the first house with running water in America?
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| A |
John Headly's home built in Newport, RI in 1723, was equipped with an underground pipe from the nearby spring.
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 See More Real Estate Trivia > |
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The Folsom Team
Keller Williams Realty
850 E. Hwy 114, Suite 100
Southlake, TX 76092
Direct: 817-442-5443
Toll Free: 877-442-5443
davefolsom@NUMBER1EXPERT.com
Dave Folsom and The Folsom Team have been assisting home buyers and home sellers in this area since 1985. Clients often say it was their most successful and pleasant experience. The Folsom Team offers a complete staff of professionals dedicated to personal service and the latest in technology to save you time and money.
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