Fannie Mae Announcement
August 9th, 2010
Fannie Mae launched KnowYourOptions.com, an online resource that outlines the available options to homeowners struggling with their mortgage payments.
The online resource, which offers reliable and easy-to-understand information in both English and Spanish, expands on Fannie Mae's ongoing efforts to help struggling borrowers find alternatives to foreclosure. Key features of KnowYourOptions.com include:
- an interactive Options Finder to help homeowners identify options that might be right for their situation;
- calculators to help borrowers understand how many of the options work, including refinance, repayment, forbearance, and modification;
- videos featuring real homeowners discussing how they received help and housing counselors providing advice;
- a virtual assistant to walk homeowners through key areas of the site; and
- next steps and helpful forms, including a financial checklist and contact log to help borrowers be prepared when contacting their mortgage company or housing counselor.
KnowYourOptions.com provides homeowners who are having trouble paying or recognize they can no longer afford their mortgages with detailed information on
- refinancing,
- repayment plans,
- forbearance,
- loan modifications,
- Deed-for-Lease™,
- short sales,
- deeds-in-lieu; and more.
To view the online Announcement, please click here
About Safeguard
Safeguard Properties is the largest privately held field services company in the country. Located in Cleveland, Ohio and founded in 1990 by Robert Klein, Safeguard has grown from a regional preservation company with a few employees and a handful of contractors performing services in the Midwest, to a national company with approximately 800 employees. Safeguard is supported by a nationwide network of subcontractors able to perform any requested superintendence, preservation, and maintenance functions, as well as numerous ancillary services in the U.S., the Virgin Islands, and Puerto Rico.