There are many struggling homeowners looking for answers. Below are a few links leading to resources for homeowners facing foreclosure or a short sale. If you have additional questions please do not hesitate to contact me. I will help you find the correct resources or contacts for your situation.
Washington Foreclosure Mediation Program As of July 22, 2011 a new law provides Washington homeowners facing foreclosure the opportunity to be referred by a housing counselor or attorney to mediation with their lender to review available options to keep their home.
Department of Finance / Seller Advisory Recent economic challenges have resulted in many homeowners needing to sell their home but owing more on their home than the home is worth. The following links are intended to provide information to sellers in that situation.
Seller Advisory Pamphlet (pdf)
Guidance for Licensees (pdf)
Home Affordable Refinance Program Making Home Affordable (MHA) is the Obama Administration’s initiative that helps struggling homeowners get mortgage relief through a variety of programs that aid in mortgage modifications, interest rate reductions, refinancing, deferred payment or transitioning out of your home while avoiding foreclosure.
Federal Trade Commission (FTC) Mortgage Assistance Relief Services The FTC is issuing the Mortgage Assistance Relief Services (MARS) Rule to protect distressed homeowners from mortgage relief scams that have sprung up during the mortgage crisis.
Is your home mortgage owned or guaranteed by Fannie Mae or Freddie Mac? If your mortgage is owned or guaranteed by either Freddie Mac or Fannie Mae, you may be eligible to refinance your mortgage under the enhanced and expanded provisions of HARP. You can determine whether your mortgage is owned by either Freddie Mac or Fannie Mae by checking the following websites: