Facing Foreclosure – Get free advice from Fannie Mae

Welcome back! What did you think of our Property Management Software? Are you subscribed to our feed and receiving email updates?

Homeowners who are struggling to make mortgage payments now have a new place to turn for information on programs that could help. Mortgage giant Fannie Mae has just launched a new web site, KnowYourOptions.com, that aims to help homeowners figure out the best solution to a difficult problem. But is a company that has so far racked up $75 billion in bailout funds from the U.S. Treasury in any position to dole out advice?

Consumer advocates argue that any effort to educate homeowners about their options is worthwhile. The rate of foreclosures is still on the rise, with more than 1.6 million properties facing foreclosure filings in the first half of the year. Although the new web site stresses avoiding foreclosure as a key goal for any consumer, the options presented don’t always help homeowners remain homeowners. “People are coming to the conclusion that it doesn’t necessarily help people to stay in a home that they can’t afford,” Cecala says.

Find what experts think of this advice by CLICKING HERE

This is a blog post for Real Estate Professionals, Investors, Landlord, Property Manager, and Property Management Companies. Facing Foreclosure – Get free advice from Fannie Mae is brought to you by SimplifyEm Pay Rent Online and Property Management Software

You might also want to read:

1. Mortgage Guide – How to Avoid Loan Modification Scams Facing foreclosure is a terrifying time for any homeowner. With the foreclosure rate at an all-time high and the nation in economic crisis, as many as 8 million American homeowners......
2. Landlords And Real Estate Owners Guide to What Not To Do In Foreclosure Landlords and Real Estate Owners – What Not To Do: Losing your home through foreclosure is a traumatic experience that usually occurs at a time when you already are facing......
3. Rent Your Own Home and Avoid Foreclosure Homeowners facing financial trouble can stay in their home and rent them from Fannie Mae.  Borrowers who don’t qualify for loan modifications can sign up for it. Learn more about......