Avoiding Foreclosure

Your first step is to call your lender. If you are having difficulty paying your mortgage on time, it's important to act now before things get so bad that you are facing foreclosure. Your biggest ally if you encounter difficulty paying your mortgage on time is often your lender. Don't wait – call them as soon as you know you are having problems.

Your lender – also known as a servicer – has a number of options to help you stay in or sell your home. These options include forebearance, repayment plans and loan modifications – as well as relief under the new Federal housing plan. You can find their contact information on your mortgage statement or coupon book.

• Your next step: Preparing for the conversation with your lender.
  

Are You Facing Foreclosure?

There are resources available to help you protect your home.

• Where to Get Help
• Working With Your Lender
• Identifying a Credit Counselor
• Special Circumstances to Stop Foreclosure
• Does Freddie Mac Own Your Mortgage?

Can the President's Plan Help You?

Examples of how the refinance program can help you:

• Fixed-rate mortgage to fixed-rate mortgage
• Adjustable-rate mortgage (ARM) to fixed-rate mortgage
• Super conforming fixed-rate mortgage to super conforming fixed-rate mortgage
  

Help for America's Homeowners

Please use the self-assessment tools provided on MakingHomeAffordable.gov to see if you are among the 7 to 9 million homeowners who may be able to benefit from Making Home Affordable.

REO Rental Initiative

The REO Rental Initiative is a temporary rental initiative under which qualified, former owner-occupants and tenants will be offered an option to lease properties in which they reside that have been acquired by Freddie Mac as a result of foreclosure.