distressed homeowners: Is Your Mortgage Out of Balance With Your Budget? - 03/19/12 01:28 PM
Is Your Mortgage Out of Balance With Your Budget? Today's homeowners have a lot to fear. Budgets are tight and it doesn't take much before "barely getting by" tips into avoiding collector's phone calls, sleepless nights and falling further behind. Many homeowners don't think it's possible to tip the scales back in their favor so they simply give up. You do not have to lose your home to foreclosure! As a real estate professional who has earned the Certified Distressed Property Expert (CDPE) designation, I am uniquely qualified to help homeowners as they attempt to bring balance back to their
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distressed homeowners: Fannie Mae and Freddie Mac Offer Unemployment Forbearance Programs to Assist Homeowners - 01/18/12 12:34 PM
Fannie Mae revealed its new Unemployment Forbearance Program which allows mortgage servicers to assist borrowers who have a financial hardship due to unemployment. Mortgage servicers are required to implement this new program by March 1 for all Fannie Mae-owned and backed loans. Mortgage servicers can now provide up to six months of relief for eligible unemployed borrowers and do not have to get Fannie Mae's approval to do so. In addition, borrowers can also apply for an additional six months of forbearance for a total of twelve months of assistance. Freddie Mac also has a similar program that goes into effect
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