Sunday, March 15, 2009

Are You Eligible for a Mortgage Modification? Here's How You Can Find Out.

The feds revealed the details of the new plan to allow refinance of Fannie Mae and Freddie Mac mortgages. If your home is your primary residence, you have a loan of less than $729,750, and you are having trouble with your mortgage due to a sudden decrease in your income--or rise in your mortgage--you may be eligible for a mortgage modification. Details are at this site. If you are not eligible, this site will give you some ideas of how to save your home, and who to contact.

Even more links are here. Whatever you do, remember that FREE help is available from HUD counselors that can be reached by dialing 1-888-995-HOPE (4673). Don't pay for help from dubious sources that promise they can help--scam artists are out to take advantage of desperate people. Don't become one of them!

No comments: