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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
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Where is the world's largest wine cellar, and how big is it?

A 
A company in the center of the wine-growing district of South Africa has a cellar that covers an area of 54 acres and has a capacity of 27 million gallons.
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Don and Cathy DeGraffenreid, REALTOR®, real estate agents and broker for Bullhead City, Fort Mohave and Mohave, Arizona home listings, property and land for sale - NUMBER1EXPERT(tm)

Don and Cathy DeGraffenreid
Country Ranch GMAC Real Estate

5826 Hwy 95 Ste 2
Fort Mohave, AZ. 86426
Phone: 928-788-2025
Fax: 928-768-2573
Email: dondegraffenreid@NUMBER1EXPERT.com


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