Mt. Hood Homeowners Owing More Than The Value of the Home
Attention property owners in the Mt. Hood area from Government Camp, Rhododendron, Welches and Brightwood. Are you falling behind on your mortgage payments? Do you owe more than your home is worth? Have you heard of the Homeowner Affordability and Stability Plan? The Obama administration has released information about a government program which will help homeowners refinance or modify their current mortgage. This is for owner occupied properties only but one does not need to be behind on their mortgage to qualify.
Here is a link to get information
Here is the important part: "Find out if you are eligible"
You need to determine if your mortgage is owned by Freddie Mac or Fannie Mae. The link for Fannie Mae is correct, but the link for Freddie Mac is incorrect and you will spend a great deal of time trying to get Freddie Mac. Here is the correct link for Freddie Mac to give them information about your name/address etc. They respond within two days letting you know whether they own your mortgage.
Do this RIGHT AWAY because they will be totally inundated with callers trying to get information. You do not need to know your loan number or balance. Do it NOW!