Fannie Mae launched WaysHome, a free, interactive multi-media tool designed to educate homeowners about their options to avoid foreclosure, empower them to make informed decisions, and motivate them to take action and seek help in 2011. The WaysHome video uses innovative technology to allow homeowners to put themselves in real-life situations, make informed choices, and [...]
Foreclosure is a process that starts when a homeowner stops making mortgage payments. To recover the amount owed, the lender either sells the property or takes ownership of it. The process can end in one of four ways: The homeowner reinstates the loan by paying off the defaulted amount during a grace period determined by [...]
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