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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 is considered one of the slimmest buildings ever designed?

A 
The Carnegie Hall Tower, designed by Cesar Pelli, is only 50 feet wide and 60 stories high.
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THE MORTIMER TEAM, REALTOR®, real estate agent and broker for Barrie, New Tecumseth, Borden-Angus and Alliston, Ontario home listings, property and land for sale - NUMBER1EXPERT(tm)

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Prudential Ronan Realty

367 Victoria Street East
Alliston, ON L9R 1J7
705-435-4336
Fax: 705-435-3506
lauriemortimer@NUMBER1EXPERT.com


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