Facing foreclosure? New Fannie Mae website helps consumers find options

Facing foreclosure? New Fannie Mae website helps consumers find options



WASHINGTON – Aug. 16, 2010 – Fannie Mae launched a new website to help consumers understand their options when facing foreclosure and the possible loss of their home. Called KnowYourOptions.com, it outlines the choices available to homeowners struggling to make mortgage payments, and provides guidance on how they can contact and work with their mortgage company to find a back-up plan.


KnowYourOptions.com provides information in both English and Spanish. Features include:


• Interactive Options Finder helps homeowners identify options.




• Calculators help borrowers understand how many of the options would work in their situation, including calculations about refinance, repayment, forbearance, and modification.


• Videos feature real homeowners discussing how they received help; others feature housing counselors giving advice.


• Forms – including a financial checklist and contact log – to help borrowers prepare for a meeting with their mortgage company or housing counselor.


• Information on refinancing, repayment plans, forbearance, modifications and Deed-for-Lease.




• Out-of-the-box alternatives, including short sales and deeds-in-lieu for homeowners who recognize that they can no longer afford their mortgages, but want to avoid a foreclosure on their credit history






More info: http://www.KnowYourOptions.com.



© 2010 Florida Realtors®

Cape Coral Turns 40!!!!

The City of Cape Coral will be celebrating 40 Years as a city on August 18th, 2010. Cape Coral has been known as a waterfront wonderland with over 400 miles of canals with many giving boaters access to the Caloosahatchee River and the Gulf of Mexico.  Cape Coral has continued to grow in the past 40 years. In 1960 the Cape only had a population of 280 people and now has a population of 150,000. The projection is for Cape Coral to have approx. 180,000 people by 2015.

Cape Coral will celebrate with fireworks and a parade at the annual Coconut Festival that will be held November 12 thru the 14th.

Cape Coral is a popular place for snowbirds to retire but also for families with children. There are good public schools as well as Charter schools here in Cape Coral.

Happy Birthday Cape Coral!!!!

New Homebuyer Tax Starts September 2010 - 08.09.10 | Florida Association of Mortgage Professionals : Florida Association of Mortgage Professionals : Tallahassee, FL

New Homebuyer Tax Starts September 2010 - 08.09.10 Florida Association of Mortgage Professionals : Florida Association of Mortgage Professionals : Tallahassee, FL


http://www.thinkbigworksmall.com/mypage/archive/9585/52542/

Very important information for those wishing to purchase a home using FHA financing!!! Starting in September the loan will cost more for the buyer. Please watch the video by clicking the link above.