Freddie Mac Videos Dispel Common Foreclosure Myths
Freddie Mac this week
launched a series of videos aimed at helping consumers separate foreclosure
fact from fiction. Each 90- to 120-second video, which can be viewed on Freddie Mac’s YouTube Channel dispels
one of five common myths that may prevent homeowners from keeping their homes
if they face foreclosure. The video series is based on content from Freddie
Mac’s “Get the Facts on Homeownership” education and outreach materials.
The five myths the
video series focuses on are:
- Myth 1: If my house is foreclosed, I can never
buy a house again -- the foreclosure will stay on my record forever.
- Myth 2: I should stop paying my mortgage so I
can get assistance with my mortgage payments.
- Myth 3: If I'm late on my monthly payments, I'll
lose my house.
- Myth 4: I am getting many offers for help from
a variety of people. They are probably all scams.
- Myth 5: My lender is not responding to my
inquiries, so I should just give up and face foreclosure.
More info...