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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 house is thought to be the first one designed by Frank Lloyd Wright?
A	Charnley House in Chicago, Illinois, is considered to be the first home designed by Wright while at Adler & Sullivan.
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Cindy Poole, REALTORŽ, real estate agent and broker for Raleigh, Cary and Wake Forest, North Carolina home listings, property and land for sale - NUMBER1EXPERT

Cindy Poole
Fonville Morisey Realty - ITB
3600 Glenwood Ave. Ste. 150
Raleigh, NC 27612
919-457-8181
Fax: 919-595-3702
cpoole@NUMBER1EXPERT.COM
Cindy@CindyPoole.com
Born and raised in Raleigh, Cindy's trademark has always been her energy and independent spirit. She understands that spending quality time with her clients from the beginning to the end of their transaction, and beyond, is the only way to provide the high-quality service she is committed to maintaining every step of the way. Furthermore, her background in marketing and strong negotiating skills serve buyers and sellers alike during their move. Call or email Cindy today to help you with your next real estate transaction. As one of the most important decisions of your life, you will want a professional to be with you every step of the way! She stands ready to help!

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