Fannie Mae HomePath, HUD, Hope, Foreclosure Info for home owners and home buyers on Kauai
Here is useful information for homeowner's who are worried about their mortgages whether you have missed payments or not. I would like to add one more link to this list: www.financialstability.gov You will need to check back as the site develops for the latest information on the United States Governments and the Obama Administrations plan to boost our economy. ~ JJ Leininger, Kauai REALTOR-ASSOCIATE with Makai Properties LLC, and listing agent Fannie Mae REO properties on Kauai
Are you aware of Fannie Mae's HomePath website? They answer the following two questions for home owners:
I Am Current on My Mortgage. I Want To Stay That Way
I Am Worried About Losing My Home
Both questions are covered in a very upfront and business like manner. I am impressed with the information available here. There are also links to the Home Loan Learning Center, Home Preservation Foundation and HopeNOW.
For home buyers, the basics of home buying are covered, along with a link to Fannie Mae owned homes. According to my search, there is only one in Eugene and two in Springfield. Apparently, there are 157 in Oregon. The REO search is an interesting tool.
The link to the HUD Tips for Avoiding Foreclosure is also an excellent reference. The number one tip is: "Don't ignore the problem." How many times have we in this business found this to be true. Realistically, no lender wants to foreclose on a home. Almost everytime, they are looking at a loss, they would much rather work something out. And that is why the 2nd tip, "Contact your lender as soon as you realize that you have a problem," is an excellent follow up.
Overall, there are great resources available. We, as real estate professionals, need to be promoting these resources.
Homeownership is still the American Dream. We need to help with keeping the dream alive. Call me if you have any questions, I am available to help set up counseling if necessary. The FHA Secure is still an excellent way to help many in difficulty.
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