In today’s economy, many people are struggling financially. People are unfortunately facing foreclosure on their homes for the first times in their lives. The value of homes has dropped below what homeowners bought their homes for. The unfortunate statistics are that you know at least one person who has had to lose their home.
KnowYourOptions.com offers help for those struggling to make their mortgage payments. Know Your Options by Fannie Mae provides homeowners with the information they need, so they can get help before it’s too late. Know KnowYourOptions.com provides an interactive video simulation, called WaysHome, to help homeowners learn about the options to avoid foreclosure. They also offer in-person and telephone support at one of Fannie Mae’s Mortgage Help Center as well as special military forbearance options.
During these times of financial struggle, homeowners need to be aware of possible scams. KnowYourOptions.com provides information about what precautions to take to avoid falling victim to a scam artist. Beware of any company promising immediate relief from foreclosure, or demanding cash for counseling services. Free services through Hud approved counseling agencies is available.
KnowYourOptions.com also provides homeowners with information on other options besides foreclosure such as short sales and deed-in-lieu. Learn more about these options at KnowYourOptions.com under the “Options to Leave Your Home” tab.
When faced with a financial hardship, it’s important to gather as much as information as possible so that you can make an informed decision about what your next step should be. While the Internet is loaded with information, it is not always accurate. For more information and help, visit KnowYourOptions.com and learn how Fannie Mae can assist you.