It’s hard to face reality, but times are still hard for all of us. With unemployment numbers still at frightening levels, folks are still facing foreclosure and working hard every month to make the payments to avoid it.
I can’t tell you how many times I went from door-to-door as an employee of the Census bureau and saw papers taped to the doors, and signs stuck in unkempt lawns that indicated many homes in my own community that once held livelihood are now empty.
Fannie Mae has a new web site called KnowYourOptions.com that can help you avoid foreclosure and stay in your home. If you are experiencing hardship, you may qualify for forbearance, deferred payments or refinancing to ease the burden on your monthly house payment.
There are also options mentioned for making the decision to leave your home, and what steps you can take. Know Your Options gives a number of tools for you to research what is best for you in your situation.
Another very important part is the site’s “Beware of Scams” section, in which you learn about fraudulent companies that attempt to offer help to you for a fee. All the information at Know Your Options is free, and the site even tells you to step away from anyone asking you to pay money so you can save money.
I’m very much an advocate of paying down all debt as quickly as possible, but sometimes, and especially now, that just isn’t realistic. I highly recommend anyone struggling to make those monthly mortgage payments visit Know Your Options by Fannie Mae today.