Fannie Mae, the government sponsored enterprise owning most mortgage loans in the U.S., has launched a new interactive, multi-media tool called WaysHome to help homeowners understand the options to avoiding foreclosure, and to motivate them to take actually seek help in 2011 rather than let bad consequences happen by default. This new resource is part of Fannie Mae's "Know Your Options" initiative, and can be found on the program web site at www.KnowYourOptions.com.
The web site provides interactive information on all the options for trying to stay in your home and all the options for leaving the property without triggering a foreclosure. The WaysHome video goes a step further and puts you in the driver's seat of real-life homeowner situations where you'll make informed choices and immediately see the outcomes. Along the way, Fannie Mae provides helpful tips and tools to guide your decisions or to correct ones that lead to undesired outcomes.
If you are a homeowner struggling with the mortgage debt on your home, you must take a look at this web site; especially the WaysHome video. If your loan is owned by Fannie Mae (which is easy to determine on the web site), and even if it's not, you will gain a wealth of information - and possibly some much needed encouragement - as to what you can do to help yourself. Don't bury your head in the sand and hope for the best. Be proactive and take action to improve your situation.