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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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Goran & Vera Brnjic, GRI
Dream Home Realty

Goran: 314-753-0030
Vera: 314-249-0025
Office: 314-352-0804
Fax: 314-352-6212
Email: Brnjics@NUMBER1EXPERT.com

Your largest investment for you and your family deserves the best. When you put us to work, you can count on honest business relationship, open lines of communication and a firm commitment to help you realize your dream to your satisfaction. With us at your side, you will get an exceptional service throughout the entire buying and selling process. Please feel free to call us for a complementary consultation. No obligation, off course. We look forward to further explain you how our services would be outmost beneficial in achieving your real estate goals.