Fannie Mae foreclosure help: Stay in your home, Sell your home, Beware of Foreclosure scams

Fannie Mae foreclosure help:

Fannie Mae recently launched a website with comprehensive information about options available to homeowners who are at risk of (or in) foreclosure. 

Options for those who want to stay in their homes: Some options for those who want to stay in their homes include forbearance agreements, repayment plans, loan modifications, and Fannie Mae’s “deed for lease” program.

Options for those ready to leave their homes: Options for those who want to leave their homes include short sale, a deed in lieu of foreclosure, etc. 

Personalized Assistance: If you are behind on your mortgage and need assistance, you can call the Homeowner’s Hope Hotline at 1-888-995-HOPE or United Way’s 2-1-1 to contact a certified housing counselor. They can help you figure out which options are available and best suit your needs. also has a wealth of information.

Beware Of Foreclosure Scams — Help Is Free! Scam artists are stealing millions of dollars from distressed homeowners by promising immediate relief from foreclosure, or demanding cash for counseling services when HUD-approved counseling agencies provide the same services for FREE.

If you receive an offer, information or advice that sounds too good to be true, it probably is. Don't let them take advantage of you, your situation, your house or your money.

You can report the possible scam by calling 1-888-995-HOPE.

Jayme Lucas

Development Manager at Collinwood & Nottingham Villages Development Corporation

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Volume 3, Issue 1, Posted 12:52 PM, 03.08.2011