Myth #3: Get the Facts on Foreclosure

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Uploaded by on Mar 17, 2011

This is the third video in our Get the Facts on Foreclosure series. Here we address the myth that if you are late on one mortgage payment you will lose your home.

If you are having difficulty paying your mortgage due to a financial hardship such as a job loss or medical emergency, it is possible to keep your house and get back on track. But, you must contact your lender as soon as you think you may fall behind on your mortgage. Let them know about your situation and be open and honest. Your lender is your best resource for getting help with your mortgage.

Watch the next video in our series that speaks to the myth that all offers for mortgage assistance are scams.

For more resources on getting help with your mortgage, go to: http://www.freddiemac.com/avoidforeclosure/

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  • What if you are a victim of Bait and Switch income from the broker. What if your lender loan servicer is the actually the lender loan originator. Chances are they already know about the false income loan and that they approved it. Chances are is that the scam played out well and it's time to get rid of the dead beat borrower liar loan.

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