Many home owners who are in default on their mortgage loans are looking for answers to their questions about foreclosure. There are many sources of information but the difficult thing for many home owners is to know who to believe. Foreclosures and loan modifications have become big business and a lot of companies are charging home owners for their counseling services that HUD provides for free. Fannie Mae has provided another free source of information on their new website, www.KnowYourOptions.com designed for home owners who are behind on their payments. The site is available in both english and spanish and a video guide which helps visitors navigate the website.
