Is My Mortgage Backed by Freddie Mac?

President Obama’s Home Affordable Foreclosure Alternatives initiative still is out there and continues to offer $3,000 to qualifying homeowners who short sell their homes – an exception to the general rule that sellers come away empty-handed on a short sale.

One of the requirements is the homeowners’ mortgage be “owned, guaranteed or securitized” by Freddie Mac … but how does a homeowner know if their mortgage is in that category?

Fortunately, Freddie Mac offers a website that tells owners whether Freddie has a hand in their mortgage. Simply enter your name, address and the last four digits of your social security number and you’ll find out if you’re eligible for the HAFA program.

Facing foreclosure is difficult. HAFA is one program to make it a little less painful.

Have specific questions? Call me today at 602-502-9693 and I’ll be happy to talk with you about your options.

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