Know Your Options website helps homeowners avoid foreclosure
August 26, 2010 § Leave a Comment
Fannie Mae recently launched www.KnowYourOptions.com, a website that helps struggling homeowners avoid foreclosure. The website is bilingual and helps homeowners explore their options if they are having difficulty making their payments.
“Through foreclosure prevention programs, borrower outreach, underwriting guidelines and servicer engagement, Fannie Mae is taking a comprehensive approach to helping struggling borrowers,” said Jeff Hayward, Senior Vice President, Fannie Mae’s National Servicing Organization.
The website includes an “Interactive Options Finder,” calculators, videos from homeowners, a virtual assistant to help navigate the site, forms, and a financial checklist. For more information, refer to their August news release.
This is a great resource for homeowners. There are many alternatives to foreclosure and many folks may not know that these resources are available. Help spread the word!