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Will I Lose My Home If I Am Late Paying? | Freddie Mac Foreclosure Myths

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More  great videos from Freddie Mac. (This is video 3 of 5, the others will be posted this week as they become available.)

Hats off to Freddie Mac for creating these simple to understand and to the point videos. Agents, share these videos with all of your homeowners. Literally, copy and paste this post into your blog, tweet this URL, update all of your social networking status’s with this information.

For you to truly be of service in this housing depression you must be willing to learn how to go beyond just listing and selling homes. The sad fact is that most underwater owners will lose their homes. We are tracking for 40% of ALL American Homeowners (with a mortgage) to be underwater this year. Its simply not possible for you to be in the real estate industry and not know how to help underwater owners avoid a foreclosure. Remember, the families you help today gracefully exit from their underwater owners (short sale) become tomorrow’s very loyal buyers for you.

Agents, so..you have the latest Short Sale Designation..you have the letters after your name…but, you are still not listing and selling short sales. The good news is that you are smart… you know that short sales are now a required skill. Now, take the next step and truly learn how to become a short sale expert. Isn’t it time that you take your real estate short sale business to the next level? Watch the FREE..just updated for 2011 Agent Short Sale Secrets video and download the FREE Short Sale manual.

Foreclosure Myths #3

Myth 3: If I’m late on my monthly payments, I’ll lose my house.

Truth 3: If you have a financial hardship and fall behind, it’s possible to keep your house and get back on track if you contact your lender as soon as possible to discuss your options. You can also contact a HUD-approved housing counselor by calling the Homeowner’s HOPE Hotline at 888-995-HOPE (4673).


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