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Short Hills, Millburn, Maplewood and Summit Information:
About Short Hills, Millburn, Maplewood and Summit - Moving to Short Hills, Millburn, Maplewood and Summit, New Jersey? Get info here... School Reports - Reports for Short Hills, Millburn, Maplewood and Summit schools kindergarten, elementary, and high schools. Relocating? - Free real estate information & relocation package if you're relocating to Short Hills, Millburn, Maplewood and Summit, in Essex and Morris County NJ. Go to Main Sitemap - Main sitemap sections include Find Short Hills, Millburn, Maplewood and Summit Homes, For Home Buyers, For Home Sellers, Short Hills, Millburn, Maplewood and Summit Information, Real Estate Resources, and About Jane Goetz.
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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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