Avoid foreclosure & get the help you need
A new website from Fannie Mae, knowyouroptions.com, offers sellers help and solutions to assist in making educated decisions about their options to avoid foreclosure.
If you are struggling with your mortgage payments or facing foreclosure, you may feel overwhelmed and frustrated. Many homeowners simply don’t know what to do or where to go for assistance, and they feel too helpless to take action. You can find options to help you stay in your home!
American Attitudes Towards Foreclosure
Trulia.com and RealtyTrac released the latest results of an ongoing survey tracking home buyers’ attitudes towards foreclosures. The new online survey conducted on their behalf from May 10-12, 2010 by Harris Interactive® showed a notable decrease in consumers’ willingness to buy foreclosed properties compared to one year ago.
Currently, 45 percent of U.S. adults age 18 and above are at least somewhat likely to consider purchasing a foreclosed home in the future, compared to the 55 percent of U.S. adults age 18 and above surveyed online by Harris Interactive® between May 1-5, 2009.
Are more foreclosures lurking?
FOX news interview with Spencer Rascoff, COO of Zillow, on foreclosure delays affecting inventory of homes.
How to buy auctioned foreclosures
You can get a real steal at a house foreclosure auction sale, or you can overpay for a money pit. This video gives tips to avoid the latter.