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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 classic 1932 movie scene was filmed between 923 and 935 Vendome Street in the Silver Lake district of Los Angeles?

A 
Laurel and Hardy tried to lug a heavy piano up a really long outdoor stairway in "The Music Box."
See More Real Estate Trivia >


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Mary Charters & Associates, REALTOR®, real estate agent and broker for Gaithersburg, North Potomac, Darnestown and Bethesda, Maryland home listings, property and land for sale - NUMBER1EXPERT

Mary Charters & Associates
Mary Charters & Associates / Keller Williams Team Realty

301 Inspiration Lane
Gaithersburg, MD. 20878
Phone: 301-590-5500
Fax: 301-330-3772
Email: info@marychartersandassociates.com

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