Fannie Mae launched a new site, www.knowyouroptions.com, to educate distressed homeowners on foreclosure alternatives.
Available in both English and Spanish, the site offers calculators to demonstrate to borrowers the mechanics of refinance, repayment, forbearance, and modification options.
It also offers information on Fannie's Deed-For-Lease program, which allows borrowers to become renters in the same property after pursing deed-in-lieu of foreclosure.
The site also provides steps, forms, a financial checklist, and a contact log to aid borrowers in contacting their servicers.
| < Prev | Next > |
|---|
