The Real Deal Miami

New Fannie website helps struggling homeowners

August 03, 2010 11:15AM

Mortgage giant Fannie Mae has created a website for struggling
homeowners needing assistance on avoiding foreclosure,
knowyouroptions.com. The site offers information on refinancing, payment
plans, forbearance agreements, loan modifications and other potential
solutions. For those homeowners who can no longer afford their
mortgages, but wish to avoid a foreclosure, they can learn about
so-called “graceful exits” — that is, short sales and deeds-in-lieu. “We
want to avoid foreclosure,” said Fannie Mae spokesperson Jason Vazquez.
“That’s just not good for anybody.” [Sun
Sentinel]