Learn How to Avoid Foreclosure and Other Mortgage Nightmares

This is a Sponsored post written by me on behalf of Fannie Mae. All opinions are 100% mine.

While the economy is slowly beginning to improve, things are still difficult for millions of Americans. This is especially true for people who are struggling to make their mortgage payments and avoid foreclosure. Whether you are having trouble staying ahead of your payments or have a close family member or friend dealing with economic hardships, almost everyone has been personally impacted by the housing market meltdown.

When you are dealing with financial hardships, it’s easy to feel like there is no way out. However, there are solutions to help you avoid foreclosure. One of the best resources for information on how to deal with a tough housing situation is www.knowyouroptions.com. It’s a free website created by Fannie Mae providing consumers with options if they are struggling to make their monthly mortgage payments.

Many people can refinance their homes thanks to programs like the federal Home Affordable Refinance Program or modification programs with their lender. Banks and other lenders want to stop the rising tide of foreclosures and are interested in working with mortgage holders to keep them in their homes. Forbearances and repayment plans are possible to help homeowners catch up with their payments and get back on track.

Homeowners who are struggling with their mortgage payments owe it to themselves to check out KnowYourOptions.com to find out more about the different options available to them. They can also learn how to avoid scams which are targeting people dealing with home mortgage problems. A growing number of businesses are preying on homeowners desperate to keep their homes. Fannie Mae has put together information on how to avoid a scam and what to do if you feel like you have been the victim of a scam.

Don’t just take my word for it. Head over to KnowYourOptions.com today to find out more for yourself.

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