Learning Center Articles: Foreclosure

Government Plan Will Help Homeowners Avoid Foreclosure

 

Homeowners across the United States who are undergoing financial hardship could avoid foreclosure under a plan announced on Nov. 30 by the U.S. Treasury Department. Under the plan, which is in effect as of April 2010, millions of at-risk homeowners could be free of mortgage debt without going through foreclosure, and given $3,000 for relocation.

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Treasury Streamlines, Simplifies Short Sale Process

 

Here are details of the U.S. Treasury's plan, announced Nov. 30, to help millions of homeowners avoid foreclosure.

 

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Fannie Mae, Freddie Mac Announce HAFA Short Sale Guidelines

 

Fannie Mae and Freddie Mac have issued guidelines to facilitate Short Sales for homeowners who are at risk of foreclosure. Together, the two corporations own or guarantee more than three-quarters of U.S. home mortgages.

 

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Questions and Answers About the Simplified Short Sale Process

 

Here's a detailed question-and-answer feature on the U.S. Treasury Department's plan to simplify the Short Sale process, with an explanation of why Short Sales are better than foreclosures for homeowners, lenders and communities.

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Alternatives to Foreclosure

 

Here's what to do - and what not to do - if you may be facing foreclosure. In a question-and-answer format, a mortgage expert discusses several alternatives to losing your home.

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Buying Foreclosure

 

It's no surprise that buyers are looking for a bargain - but now, even more people are showing interest in the growing foreclosure market.

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New Programs May Help You Avoid Foreclosure

 

Struggling homeowners have new options that may prevent them from going through foreclosures. Mortgage modifications now can include second mortgages - not just first mortgages - and cash incentives are sweetening short sale deals.

Avoiding Foreclosure
 
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Tips to Prevent Foreclosure

 

View some tips on how you can help prevent foreclosure.

 

Full Disclosure

 


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