New Fannie Mae video offers ideas for avoiding foreclosure | Irvine Real Estate | Irvine Homes for Sale

by Robert Mack on January 13, 2011

in Latest News, Sellers

A new interactive video from Fannie Mae is offering homeowners facing foreclosure a look at results that may come from their actions.

“In 2011, millions of homes will be at imminent risk of foreclosure,” said Jeff Hayward, Fannie Mae Senior Vice President.

As part of Fannie Mae’s “Know Your Options” initiative, the WaysHome interactive video uses innovative technology to allow homeowners to put themselves in real-life situations, make informed choices and immediately see the results of those actions.

“With initiatives like WaysHome, we are determined to do everything possible to help homeowners,” Hayward said.

Hayward says the WaysHome video was developed to educate distressed homeowners on the short- and long-term impact of their decisions. Through video reenactment, homeowners experience scenarios that address a range of options for avoiding foreclosure that include repayment plans, forbearances, modifications, deeds-in-lieu, and short sales.

Posted on Irvine Orange County Real Estate Market News

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