Freddie Mac Introduces New Website to Help Distressed Homeowners

Freddie Mac Introduces New Website to Help Distressed Homeowners

Short Sale Solutions

Freddie Mac has launched a brand new website designed to help homeowners with any questions they may have when dealing with foreclosure. This new website is called “MyHome by Freddie Mac” and it is geared to help inform homeowners about the potential options are available to them when faced with a foreclosure.

There are many options that are available to them that involve home retention programs and home forfeiture programs. Forbearance, reinstatements, repayment plans, and modifications, including the government’s Home Affordable Modification Program (HAMP) are a few options if you are looking to retain the home. Non-foreclosure solutions in which the home is forfeited include short sales or deeds-in-lieu of foreclosure.

“The site includes other options for homes lost to foreclosure. Freddie Mac encourages borrowers to find out who acquired the home after the foreclosure to increase options available; for example, if Freddie Mac acquired the home, options may include renting the home while it’s being marketed for sale, receiving “cash for keys,” or purchasing the home back.”

To take a look at the new website, click here or if you have any questions regarding short sales specifically, give us a call! (949) 340-5453!

Source: DSNews.com

Freddie Mac Introduces New Website to Help Distressed Homeowners

Short Sale Solutions

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