FHA Advisory

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.
Read this online and get more information: FHA Advisory

Mark Gracy
mark@gracyteam.com
(office) 978-984-3107
(direct) 978-861-4016 tel & fax
www.GracyTeam.com
Keller Williams Realty
Serving The Andovers and Merrimack Valliey MA

5 Critical Areas to Pay Attention to When Buying a Home

Andover, MA real estate - Looking for a new home can be exciting and frustrating. You can help alleviate the frustration by paying close attention to five key areas of the homes you're considering buying; it may save you money in the long run.
Don Walker is an inspector and owner of Ace Home Inspections. He says there are five areas in homes that he frequently reports problems with. For details on these 5 critical areas click here 5 Areas of Critical Importance When Buying a Home

Mark Gracy
Your Real Estate Resource
The Gracy Team
Keller Williams Realty
www.GracyTeam.com
(978) 984-3107 office
(978) 861-4016 direct
Servicing the Andovers, Merrimack Valley MA and Southern NH