Tips On Avoiding Foreclosure

Foreclosure
If a homeowner does nothing, they most likely will lose their home at foreclosure auction. Loan applications generally ask if the applicant has ever been foreclosed upon. Credit reports also disclose this damaging information. Most homeowners prefer to preserve their personal integrity by attempting some form of resolution.

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Change in investor guidelines by Fannie Mae

The Fannie Mae’s change in investor guidelines.  Starting March 1st, FNMA will allow an investor to have up to 10 loans (current limit is 4 loans). You can get more details at their website:
https://www.efanniemae.com/sf/guides/ssg/annltrs/pdf/2009/0902.pdf 

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