Foreclosure Help FAQs

• Q: What are the eligibility requirements to refinance under the Making Home Affordable Plan?
  A: You may be able to refinance your mortgage under the Making Home Affordable Plan if:  • You are the owner occupant of a one to four unit home; •The … More
• Q: What is a 'short sale'?
  A: A “short sale” is an option for a homeowner to avoid foreclosure when they can no longer afford the mortgage on the home.   In a short sale, a … More
• Q: How do I know if my loan is owned or has been securitized by Fannie Mae or Freddie Mac?
  A: You should call your mortgage lender or servicer (the organization to whom you make your monthly mortgage payments) and ask about the program. Both Fannie Mae and … More
• Q: Why Would a Lender Agree to a Short Sale?
  A: Banks and other lenders generally agree to short sales in order to avoid having to foreclose on a property and take it into their inventory. Most lenders would rather … More
• Q: Can My Lender Come After Me in Court for the Loan Balance I Owe After a Short Sale?
  A: This depends in part on whether the property in the short sale is located in a judicial or a non-judicial foreclosure jurisdiction. In non-judicial foreclosure, also … More
• Q: What is a Short Sale?
  A: A short sale is where a homeowner sells their home for less money than they owe on the property. The owner of the home negotiates a discounted payoff with their … More