You may be able to stay in your house. See Fannie Mae announcement.

Hello Sharon, Fannie Mae Announces New Program For Homeowners Facing Foreclosure Fannie Mae will allow homeowners facing foreclosure to stay in their homes and rent them for as long as a year (extensions beyond a year are possible), as part of the government's latest effort to help troubled borrowers, while keeping more foreclosed properties from hitting the housing market. "The Deed for Lease Program provides an additional option for qualifying homeowners who are facing foreclosure and are not eligible for modifications," said Jay Ryan, Vice President of Fannie Mae. Read entire Fannie Mae Announcement Additional Information about the new Fannie Mae program Sincerely, Ann Arbor Area Board of REALTORS® AAABoR

Hi

Hope you enjoyed the beautiful weekend. Today is to be nice, again, and then I'm not sure about the rest of the week. Maybe some rain.

I'm sharing the notice I received this morning from my local Board of Realtors. This isn't going to help everyone, but it will be the light at the end of the tunnel for many. Another year to stay in their home will bring new opportunities for a brighter future.

If you, or someone you love needs confidential help, please ask. I will do what I can to point you in the right direction. There are options to consider.

If you haven't checked out my Chelsea web site, please do. Lots of good information there, including a job search page, FREE coupon opportunities for local businesses, and an interactive community calendar to post your events. www.ChelseaNeighbors.com

Best,

Shari Roberts-Osojnak, Short Sales & Foreclosure Resource, REAL ESTATE ONE Chelsea * Dexter * Scio Township * Ann Arbor, MI