Not too long ago, ‘Unemployed’ featured the story about Freddie Mac cutting homeowners a break. Well as you may or may not have heard Fannie Mae is following suit. Again, I am so glad that this option is finally becoming available and my heart goes out to those who lost their homes because this option was not available to them. CDPE posted an informational video with the basics of how this process will work. It also made a good point that those seeking this option should first be sure that their mortgage falls under a Fannie Mae (or Freddie Mac) loan. To do this they have a Lookup link which he talks about in the end of the video. If it does fall under Fannie Mae the video explains that you need to go to your server to get the ball rolling. There are quite a few ways someone could use this information, some he talks about in the video. It includes using the time offered to do a short sale or rework your payment plans. If you are just looking to use this time to sell your home, one of the first things I recommend is making sure your home looks the best that it can possibly look. If you’ve never heard of “Staging” or just can’t afford to have a professional do it read the article written by a Real Estate Agent, Mary Muller in the ‘Tips From professionals’ page of ‘Unemployed’ I will include the links and video talked about here. Good luck to anyone looking into this option and as always feel free to share your thoughts and experiences with it. You'll find the links he talks about underneath the video. They're really the only two links you need as far as where he sends you in the video. But, the video will explain this new resource in a little more depth so I do reccomend watching it. The direct link to the Staging Article is also listed below.
The Blogs'All Work, No Pay' The Intern Queen- Lauren Berger CategoriesAll ArchivesJanuary 2012 |
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