Fannie Mae recently launched WaysHome, an interactive video to educate homeowners about their options to avoid foreclosure, motivate them to make the right decisions, and encourage them to seek help. WaysHome is part of Fannie Mae's Know Your Options initiative to help today's struggling homeowners. Check it out at: www.KnowYourOptions.com.
Overview
WaysHome, a unique and innovative learning tool, allows homeowners to put themselves in real-life situations facing today's borrowers, make decisions, and see the consequences of their actions. Through WaysHome, homeowners can:
- Participate in an interactive video simulation.
- Select a character and go through the simulation "playing" that character.
- Follow characters as they encounter financial hardships and challenges that affect their ability to pay their mortgage.
- Choose different paths based on real-life situations.
- Experience the positive outcomes or negative consequences of their choices, i.e., if they avoid taking action, foreclosure may be their only option.
- Learn about options that may be available to help.
- Discover the right paths to avoid foreclosure, know their options, and find their way home.
Agent benefits:
Our research shows that many homeowners still don't know about or understand their options to avoid foreclosure, and many homeowners who are seriously delinquent or in foreclosure have little to no contact with their mortgage company. WaysHome is designed to encourage homeowners to take action before it's too late.
If you or your clients have questions or would like to order free copies of the WaysHome DVD, email ways_home@fanniemae.com.
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