I am impressed! Fannie Maes new website is one of the best on line resources available for anyone considering what to do with an unaffordable payment. It is very thorough about short sales and loan modifications. It provides real life scenarios, loan modification calculators, short sale videos, and information about the available options. It has helped so many of my clients choose between a short sale, loan mod, or foreclosure.
It also contains information for a home owner to compare short sale vs. foreclosure or loan modification vs short sale or deed in lieu vs. foreclosure. It also addresses:
Options to stay in the home
Loan Modification
Refinance
Forbearance
Repayment Plans
Deed in Lieu
Options to leave the property
Short Sale
Deed in Lieu
Foreclosure
I recently spoke about this website to a group of Agents in Antioch, Ca. For the video go to www.RealtorRick.tv
For Northern California Residents call me directly at 925 679-2289 to discuss how it pertains to you and ask for an individual free 30 minute consultation to discuss your options.
Rather have a comprehensive guide? Click here for the 77 page pdf: “payment relief options pdf”
Check it out at: www.knowyouroptions.com
Hope it helps!
Rick Fuller