The current state of the economy has pulled and tugged on many homeowners’ pockets. “How am I going to pay this month’s mortgage?” “Will I ever catch up on my past due payments?” Many of us face these questions and challenges daily. Not to mention, the fear of foreclosure is a harsh reality. In light of these factors and armed with the knowledge that worried homeowners are prime targets for scamsters, BBB offers some reliable online resources providing education and assistance for struggling homeowners.
Home Affordable Modification Program
This government program provides eligible homeowners the opportunity to modify their mortgages, making them more affordable. Over one million homeowners have already gotten help under the program.
HOPE NOW is an alliance between counselors, mortgage companies, investors, and other mortgage market participants. This alliance functions to maximize outreach efforts to homeowners in distress to help them stay in their homes.
The U.S Department of Housing and Development outlines facts, tips, and suggestions for citizens fearing foreclosure.
Consumer Credit Counseling of Md. and De.
CCCS provides HUD-approved housing counseling to makes it possible for homeowners to fully evaluate their situation. During a counseling session, CCCS helps you determine where you stand financially and examine all available options.
Unemployment Benefit Estimation Tool
In an effort to keep unemployed workers in their homes, the Department of Labor has developed this tool to help mortgage companies quantify income from unemployment benefits for eligible individuals.
Loan Look Up
This site enables mortgage borrowers to determine if Fannie Mae or Freddie Mac owns their loan by providing their street address, unit, city, state, and zip code.
Fannie Mae 1-800-7FANNIE
Freddie Mac 1-800-FREDDIE