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Freddie Mac's Foreclosure Myth #1: Get the Facts on Foreclosure

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Real Estate Agent with Broker, Dills Real Estate

Freddie Mac's Foreclosure Myth #1: Get the Facts on Foreclosure

As a licensed real estate broker in the state of Texas, it's my job to stay up with the current market trends and sources of such data.  One of the best current resources on foreclosure information is Freddie Mac.  No one should be surprised by this as Freddie along with Fannie Mae owns (as the investor behind the loan) about 66% of all real estate mortgage loans.

As such, it should also be no surprise that Freddie would want to go straight to mortgage holders (i.e., the homeowners) with straight shooting information on home foreclosures as THIS IS A REALITY in neighborhoods all over the country right now.

Having said all that, please what this informative video from Freddie Mac on what they are calling foreclosure myth #1:

 

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If I can provide more information about real estate in general and the local housing market in particular in Fort Worth and the surrounding areas, or otherwise assist you, your friends or family in a home search, please contact me by phone or text at (817) 495-8028 or email me at Kent@KentDills.com

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MeLisa Minter, Realtor
Minter Real Estate Services - Taylor Lake Village, TX
Bay Area Houston Real Estate Agent

Hi Kent, this is great information.  It definitely gives sellers a sigh of relief in knowing that a foreclosure is not the end of the world for them. 

The video gave great advice by informing sellers know that if they are in trouble, they should contact a HUD Counselor...before it's too late!! A lot of people want to stick their head in the dirt and hope everything will blow over, but that doesn't work.

Great Post.  I'm suggesting it as a feature.

Mar 22, 2011 03:35 AM
Kent Dills
Broker, Dills Real Estate - Bellingham, WA
Real Estate 817-495-8028, Bellingham, Washington

Thanks for the feedback MeLisa!  I know you're all about informing homeowners too!

Thanks for the suggestion but you know that I don't write my posts to get a feature.  It would be icing on the cake though!  ;-)

Mar 22, 2011 03:48 AM