Washington DC and Maryland area homeowners now have access to free foreclosure counseling from Fannie Mae. This is part of the mortgage servicers program of opening help centers across the nation that provide borrowers the ability to meet one on one with a professional, well trained housing counselor. Together you will explore a number of ways and programs that can offer you help with paying your mortgage, free education services on home loans, and all the options that are available to prevent a foreclosure.
Fannie Mae is also partner with other local non-profit HUD certified counselors, government agencies, and charities so that all of their resources can be polled together. For example, this mortgage help center was developed in partnership with the non-profit organization HomeFree-USA, various local community and elected officials, and other Washington DC and Maryland area mortgage servicers.
Homeowners have many options available to them. The Mortgage Help Center will offer anyone who needs help confidential one-on-one consultations. The sessions can be held either over the phone or in person. All sessions will be held with trained and experienced housing counselors, and during the meeting you will review financing options as well as mortgage loans. Learn about the range of options available, that can help you get back on track with paying your mortgage. The counselor can also help borrowers apply for loan workouts, mortgage modification programs and other alternatives to foreclosure. All of the services are free to qualified homeowners. Another available option is a foreclosure clinic in Washington DC. Learn more on the clinics.
The Fannie Mae mortgage help center can also assist people you if you’ve been a victim of fraud by your mortgage lender, bank, or a loan modification company. For example, many fraudulent businesses are charging fees for loan modifications and foreclosure related services, and other mortgage related scams.
In addition, it is important to note that services are offered in both English and Spanish, and the center supports residents in the entire Washington, DC region, including both the states of Virginia as well as Maryland.
The help centers have been proven to be effective too. The Fannie Mae Help Centers have assisted tens of thousands of homeowners across the country. The success rate has been hovering around 60%. This means that about 60% of homeowners who have asked for help have had success, and have been able to avert a foreclosure and also stay in their homes.
Staff from both Fannie Mae as well as HomeFree-USA can provide free counseling. In addition to those counseling services, homeowners will be able to get access to financial literacy resources as well as mortgage education, and learn about federal government home loan modification programs, including programs that help the unemployed. Specialists will be able to help Washington DC area homeowners coordinate with their banks, lenders, and mortgage servicers to negotiate solutions. Last, but not least, the Fannie Mae Center will also help to combat mortgage fraud, abuse, and predatory lending in the region.
Call the Mortgage Help Center to for more information or to schedule an appointment. The various services and consultations are available by appointment only and people need to call 866-442-9376.
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