If you are a homeowner facing difficult financial times, remember that you have options. The worst case scenario, which could be foreclosure will only happen if you let it. You need to be proactive when dealing with your lender and don’t take NO for an answer. If you would like to stop foreclosure, here are a couple of resources.
- www.mdhope.org This site is a great resource if you are facing challenges in paying your mortgage. Our state has several HUD approved counseling agencies that work with homeowners in distress.
- www.makinghomeaffordable.gov This is a resource for homeowners who would like to know more about our governments loan modification program. You can check this site and see if you may qualify for a loan modification
- www.fanniemae.com If your loan is backed by Fannie Mae you can check this site out and find information on avoiding foreclosure.
- www.freddiemac.com If your loan is backed by Freddie Mac, you will find their programs here.
- https://www.hmpadmin.com/portal/index.html This site is the HAMP site for servicers and you will find tons of information on our governments. Home Affordable Modification Program.
All of these sites are available to help you navigate these tough times and none of these providers charge money for their advice. If you don’t get the answers here, give me a call at 301-343-7671 and I can help point you in the right direction.
