Foreclosure Relief Loan

Please pass this on to anyone you know who may be facing foreclosure.

Everyone facing foreclosure needs to know about this program that is offered through the government. We do not know how long this is going to last but it is here now to help people that are facing foreclosure.

A foreclosure relief loan is a refinancing option that gives homeowners with non-FHA adjustable rate mortgages (ARMs), current or delinquent and regardless of reset status, the ability to refinance into a FHA-insured mortgage. With Foreclosure Relief, the lender will not automatically disqualify you because you are delinquent on your loan, and the lender may offer you a second mortgage to make up the difference between the value of your property and what you owe.

WHO IS ELIGIBLE? So long as you have sufficient income to make the mortgage payment, you are eligible for a foreclosure relief refinance. If you are delinquent, the default must have been due to the payment shock of an interest rate reset or, in the case of an Option ARM, the "recasting" of the mortgage to fully amortizing.

To complete the application for FORECLOSURE RELIEF loan, you can call Suzie O'Conner with Achievable Mortgages at 352-486-4687, or email suzie@achievablemortgages.com.