Avoid Forclosure

Millions of American homeowners’ loans are owned by one of the giant U.S. government mortgage holders, Fannie Mae or Freddie Mac. Both companies’ default programs emphasize foreclosure prevention whenever feasible. They offer rate reductions, term extensions and other changes for people in financial distress, especially for people experiencing involuntary money problems such as an illness, death of a spouse or job loss. One possible option would allow you to make partially reduced payments for up to 18 months. If you can’t get help from your loan servicer, contact Fannie Mae or Freddie Mac directly at:

Fannie Mae 800 732-6643
www.fanniemae.com

Freddie Mac 800 373-3343
www.freddiemac.com

Credit Repair
by Leonard and Loonin, Nolo Press, 950 Parker St., Berkeley, CA, 94710.