If you are behind on your mortgage payments and do not know what your options are, your first stop should be Making Homes Affordable web site. This site is full of great information and provides all the information about the new government based programs like HARP, HAMP, and HAFA. There is contact information for lenders and the ability to look up whether or not your home loan is owned by Fannie Mae or Freddie Mac.
There are nine options to foreclosure and this site helps each home owner understand what those options require and how they might be applied to each borrower’s situation. As a Certified Distressed Property Expert, I am available to answer questions about how you might be able to avoid foreclosure on your home. Contact me for a no-obligation, no-cost consultation. There are also several great counseling centers in the San Jose area that can also help review your options.