Mortgage Help Center Opens in Sacramento

The Sacramento Bee published an article Yesterday about the new Fannie Mae Help Center that recently opened in Natomas. The center will assist homeowners who have loans owned by Fannie Mae.  Coincidentally, they own most of the mortgages in the Sacramento region.

As the article states, the center is one of ten that have opened countrywide in the past year.  The centers have been placed strategically in cities that have the highest rates of foreclosures.  Sacramento ranks in the top 10 of hardest-hit cities.  Prior to the opening of the location in Natomas, centers were set up in Tampa, Atlanta, Phoenix, Philadelphia, Dallas, Los Angeles, Miami, Chicago, and Jacksonville.

The Miami Association of Realtors had good reports from their local Help Center.  “Of the 1,000 customers [since its opening last spring], more than 64 percent received a retention solution that allowed them to remain in their homes”.

According to Fannie Mae’s website “Mortgage Help Center counselors are local, experienced housing counselors who will meet with you face-to-face at the Center (or over the phone, if you prefer) to explain mortgage workout options and other foreclosure alternatives”.  Best of all, their services are free of charge and they strive to get an answer on loan modifications within 30 days! Plus, one of their goals is too stop scammers who charge fraudulent fees for foreclosure prevention and other loan modifications.

If you’re not sure whether or not Fannie Mae owns your loan, it’s easy to find out.  Simply ask your mortgage servicer or use the online Loan Lookup Tool by clicking here.

The new Natomas center will host an open house this Thursday.  Appointments are recommended for counseling services.  Just call (866) 442-9374.

Courtesy of Miami Realtor Association, The Sacramento Bee and fanniemae.com, and RealtyTrac.com