Fannie Mae has launched a new website that explains in lamens terms (or so they say) the alternatives to foreclosure and how to pursue those alternatives.
KnowYourOptions.com™, is a new consumer education Web site that outlines the choices available to homeowners who are struggling with their mortgage payments, and provides guidance on how they can contact and work with their mortgage company to find solutions.
They say the online resource will offer reliable and easy-to-understand information in both English and Spanish, and expands on Fannie Mae's ongoing efforts to help struggling borrowers find alternatives to foreclosure. Key features of the website include:
-an interactive Options Finder to help homeowners identify options that might be right for their situation;
-calculators to help borrowers understand how many of the options work, including refinance, repayment, forbearance, and modification;
-videos featuring real homeowners discussing how they received help and housing counselors providing advice;
-a virtual assistant to walk homeowners through key areas of the site; and
-next steps and helpful forms, including a financial checklist and contact log to help borrowers be prepared when contacting their mortgage company or housing counselor (The VIP Team).
The VIP Team provides homeowners who are having trouble paying or recognize they can no longer afford their mortgages with detailed information on:
-refinancing,
-repayment plans,
-forbearance,
-loan modifications,
-short sales,
-deeds-in-lieu; and more.
Please do not let foreclosure happen to you! It will ruin your credit! You are not alone. In this economy, thousands of families are struggling. Don't put it off another day. Explore your options by consulting with The VIP Team today!
For more information or to consult a real estate expert today about your alternatives to forclosure, call or email us directly. As always, your privacy is guaranteed.
Natalie Flaming
Reator - Broker Associate
The VIP Team
Metro First Realty
Direct: 405.412.5452
Email: Natalie@TheVIPofOKC.com
www.TheVIPofOKC.com
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