Avoid Foreclosure – Know Your Options

If you are struggling with your mortgage payments or facing foreclosure, you may feel overwhelmed and frustrated. Many homeowners simply don’t know what to do or where to go for assistance, and they feel too helpless to take action.

Contact Know Your Options, a website sponsored by Fannie Mae.

Some of the options that you may have to stay in your home include:

Refinance
Repayment Plan
Forbearance
Modification
Deed-for-LeaseTM

If you should choose to leave you home, options include:

Short Sale
Deed-in-Lieu

I hope this helps a little. Just remember, you are not alone in your struggle. There are many homeowners just like yourself who have found themselves in a similar position and have received the help they deserve.

Scott

Your Indiana mortgage expert specializing in FHAVA, and USDA Rural Development loans.