One of the first steps for a distressed homeowner is to find out if your mortgage is owned by Fannie Mae or Freddie Mac, you may be eligible for a Home Affordable Refinance to take advantage of lower interest rates. Your mortgage company can tell you who owns your loan. Find their contact information here. You can also contact Fannie Mae and Freddie Mac directly by clicking on the links below. After finding out that your mortgage is owned or guaranteed by Fannie Mae or Freddie Mac, see if you are eligible for a Home Affordable Refinance by clicking on the button below.

Banks take a number of factors into consideration when allowing a home to be sold for less than is actually owed on the mortgage(s). Learn more here.

How will a short sale effect you versus a forclosure?

Avoid Foreclosure...the current U.S. housing market and financial crisis have caused tremendous stress and hearache for families...