Did You Know...

FANNIE MAE and Freddie Mac have recently extended their forbearance programs. These programs are designed to relieve  homeowners who find themselves unemployed or have other hardships. Under this program a lender agrees not to foreclose on a property and provide a grace period for the borrower or a reduction in mortgage payments.

However, there are a few adverse effects to this program. First, the interest on the loan still accrues at the normal rate, which means an increase in the total debt amount. Also, the lender can still report the mortgage as delinquent, which can hinder the borrower from qualifying for more credit or a refinance. You can find more information about this program here.

Borrowers are encouraged to seek assistance from a local housing councilor or contact HUD for help.

New On Market-Former Adult Family Home in Downtown Sumner

Welcome to Sumner w/ easy access to freeways & walk to commuter train station, shopping, parks & schools. This formerly licensed adult family home is also perfect for an in-home business. The main level offers 5B/1 full bath and 3 half baths, living, dining, rec room, den & extra quiet room. Separate living space downstairs with 1B, 3/4 bath, extra room, large bonus & indoor shop. All this on 1/3 acre lot & dead end street with fruit trees & garden space. Motivated Seller! Bring All Offers!


For more detail visit: www.johnlscott.com/22486