Walking away from your home or letting it go into foreclosure can have both short and long term consequences for you—such as severely damaging your credit and preventing you from getting another Fannie Mae mortgage for up to 7 years.
There may be options to help you avoid foreclosure such as a mortgage loan modification, short sale or deed-in-lieu of foreclosure. We can help you determine the best option for your situation, but you must take action.
To find out what options may be available, contact:
- Your mortgage company (their contact information will be on your monthly billing statement).
- Fannie Mae using the appointment request form or call 866-442-9413.
The most important thing is to take action and get help today!
The following companies are authorized by Fannie Mae for deficiency judgment collection, and may contact you directly for resolution.
2. Clear Spring Loan Services, Inc.