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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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What price range is considered upscale or high-end in residential real estate?
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The price range varies depending on the local market, but upscale homes are in the top 10% of an MLS area's annual home sales. |
See More Real Estate Trivia > |
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The Jim Buff Team Keller Williams Professionals Realty 86 Asheland Avenue Asheville, NC 28801 Tel: 828-771-2310 Fax: 828-771-2311 Email: email@jimbuff.com
Jim Buff specializes in North Carolina Real Estate and Luxury Homes, Land and Condo sales. Put success on your side, call Jim!

   
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