Below are informative links to help individuals and families who are facing foreclosure or who are interested in modifying or renegotiating their loan with their mortgage company.
During this critical time for homeowners and the housing market, we vigorously back our long-standing commitment to help borrowers avoid foreclosure and keep their homes whenever possible. This resource center provides one-stop shopping for those who interface with consumers – especially the Sellers, Servicers, and community-based organizations working in neighborhoods every day helping homeowners avoid foreclosure.
The Obama Administration has introduced a comprehensive Financial Stability Plan to address the key problems at the heart of the current crisis and get our economy back on track. A critical piece of that effort is Making Home Affordable, a plan to stabilize our housing market and help up to 7 to 9 million Americans reduce their monthly mortgage payments to more affordable levels.
Here is a list of items that are helpful to buyers and sellers to understand the short sale process.