Important News!

Congress last week unanimously passed a rule promoting the leasing of homes to owners who have lost their homes to foreclosure. This was done as a way of trying to keep people in their homes even after they've been foreclosed.

Coming Soon!

Keep your eyes tuned to You-Tube! I'll be posting a video or two designed to help anyone facing foreclosure. I'd say very likely in the next few days.

Loan Mod Hope

I've mentioned this before when the President established the program, but it's worth a fresh look. If you are having trouble making your payments because they are just too much of your pay, or perhaps because your economic situation has deteriorated, take a look at loan modifications. Under the President's program, you may be able to restructure your loan and have more affordable payments. For more info, either go to: www.995hope.com , or call: (888) 995-HOPE. Again, good luck! The house you save may be your own.

Help for Fannie Mae Borrowers

If you are having problems keeping up with your payments because of some of the adverse things that life can visit upon you, there may be some additional ways to cope. If your mortgage is an Fannie Mae loan, there are two programs that may be of interest to you. Both are designed to help make your payments more affordable, and, in some cases, can be used for up to 125% of value of the home. In other words, if your home is worth, say, $100,000, and you fit into the program, you could refinance up to $125,000, if necessary. For more information, check out the web site: www.efanniemae.com and click on Home Affordable Refinance Program. You may be glad you did! Good luck!