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Fannie Mae launched educational website KnowYourOptions (TM)
Fannie Mae announced today August 3 the launch of their educational website KnowYourOptions.com, that will present options available to homeowners who are struggling with their mortgage payments to help them find the solutions to avoid foreclosure.
To view the presentation please visit:
knowyouroptions.com/presentation
Press-release:
http://www.prnewswire.com/news-releases/fannie-mae-launches-know-your-options-online-resource-to-educate-struggling-homeowners-99813524.html
Know your options to protect home from foreclosure
Some options provide short-term solutions/help, while others provide long-term or permanent solutions. Sometimes, the best option may be to sell the house. For information on different options, visit HUD’s website.
For short-term financial problems you are facing some of the options are:
1. Reinstatement
2. Forbearance
3. Repayment plan
Long-term solutions imply adjustments to your loan:
1. Loan modifications
2. Partial claim
For [...]
Know your options to avoid foreclosure
When facing foreclosure, you may think the situation is hopeless. Yet, there may be several stop foreclosure options available to you.
Stop Foreclosure Option: Special Forebearance
In the Special Forebearance Option to stop foreclosure, your mortgage lender may be able to arrange a repayment plan based on your current financial situation.
Stop Foreclosure Option: Mortgage Modification
If you [...]
