I just received some important information, from Fannie Mae, that I want to share with you guys. There is a great website called KnowYourOptions.com. There is some really great information on this website to help people who are struggling with issues regarding mortgage payments or foreclosure. If you are in this position I really hope you will go to the website Know Your Options by Fannie Mae to get some help with this.
I have seen the foreclosure problem right in my own neighborhood. Within the past year I know at least three houses around me have gone into foreclosure. And recently I've been walking around the neighborhood when it was nice weather and I noticed a few houses for sale. I'm not sure if they are because of foreclosures, but I suspect that at least some of them may be.
KnowYourOptions.com can really be of help to individuals who are overwhelmed or frustrated with their financial situation. There is so much helpful information on the site. Like options to stay in your home, such as Refinance and or a Repayment Plan. And more options too. There is also information on leaving your home other then foreclosure such as a Short Sale or Deed-in-Lieu. You may also want to check out the section called "Beware of Scams." This section could be very helpful to those having these issues.
Please check out this website to know all the options available! It really is extremely informative!