fannie mae: Fannie Mae launches a new website to help troubled homeowners - 08/04/10 12:55 PM

Fannie Mae has created KnowYourOptions.comTM to help homeowners who are struggling. 
Some of the options you'll find on this website include:
1. Options to Stay in Your Home - Refinance/Repayment Plan/Forbearance/Modification/Deed-for-Lease
2. Options to Leave Your Home - Short-Sale and Deed-in-Lieu explained
3. Resources
4. Housing Counselors
5. Videos of other homeowners who may be in a similar situation as you. Hear how they were able to resolve the issues they were having with their mortgage and got help to avoid forelcosure. Also watch videos of housing counselors and hear the advice they can give to homeowners just like you.
To … (2 comments)

fannie mae: Are You Eligible for H.A.F.A. Short Sale? - 07/01/10 09:18 PM
Below is the eligibility criteria for Fannie Mae Loans (revised just this week). Borrowers who are wondering about whether or not they qualify for a H.A.F.A. Short Sale should read on:
A borrower is eligible for HAFA (Home Affordable Forelosure Alternatives) if all the following requirements have been met in the listed order:
Borrower has qualified for a HAMP modification (Home Affordable Modification Program), based on verified income, BUT...was not offered a trial modification due to inability to meet HAMP qualifications (for example, did not pass the NPV test or meet the target monthly mortgage payment ratio) OR Failed to complete … (2 comments)

Chris and Maria Jeantet, Redding CA Real Estate Couple (Coldwell Banker C&C Properties) Rainmaker large

Chris and Maria Jeantet

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