Monday, March 23, 2009

News for Troubled Homeowners

There is a new website called Making Your Home More Affordable which is intended to help troubled owners determine if they are eligible to negotiate a loan modification, refinance or short sale. This is intended to help 4 million or so homeowners whose loans are with Fannie Mae or Freddie Mac. Click here to read the Treasury Department's press release regarding the program.

The Fannie Mae form is at www.fanniemae.com/homeaffordable or call 800-732-6643.

The Freddie Mac form is www.freddiemac.com/avoidforeclosure or call 800-373-3343.

Another site called Hope Now as information on how to apply for help thgough your mortgage holder. The hope Now hotline: 888-995-4673.

Call me for more information: 503-495-3897 - Jane Davies, Broker