This post brought to you by Fannie Mae. All opinions are 100% mine.
Do you, or someone you know, struggle with making their mortgage payments? Are they concerned about being able to stay in their home? Are they facing foreclosure? If so, do they know where to get answers to their questions?
In this economy, many are struggling and ultimately may find themselves facing foreclosure. They don’t know where to turn for the most basic of answers. Facing financial hardship is difficult enough to deal with and finding answers can be frustrating.
However, there is help out there. Know Your Options by Fannie Mae is a great starting point. It provides answers to questions such as:
- How can I stay in my home?
- What are my options for leaving?
- What is a short sale?
- What is a deed-in-lieu of foreclosure?
Many people don’t realize there are options other than foreclosure which can be pursued by struggling homeowners. Options such as a short sale or a deed-in-lieu of foreclosure are often never considered or addressed by lenders. This site provides helpful information regarding both of these options.
Additional information such as contact information for Fannie Mae Mortgage Help Centers, understanding your credit score, frequently asked questions, and helpful forms, i.e., a financial checklist and contact log, are all readily accessible on this site.
If you or someone you know is struggling, check out KnowYourOptions.com to get more information.