Foreclosure Prevention The FDIC has a resource here to help homeowners avoid foreclosure. This information helps borrowers know who to contact and what they need to have to apply for a loan modification that could save their home. Georgia Department of Community Affairs Georgia Department of Community Affairs State of Georgia housing finance authority providing affordable mortgage finance and down payment options to low to moderate income home buyers. One of the programs providing assistance to borrowers directly is the HomeSafe Georgia program. HOPE NOW The HOPE NOW Alliance seeks to boost outreach efforts to homeowners in distress helping them stay in their homes. Making Home Affordable The U.S. Government has two programs that may help homeowners avoid foreclosure through its Making Home Affordable initiative. 1. The Home Affordable Refinance Program gives homeowners with loans owned or guaranteed by Fannie Mae or Freddie Mac an opportunity to refinance into more affordable monthly payments. 2. The Home Affordable Modification Program commits $75 billion to keep up to 3 to 4 million Americans in their homes by preventing avoidable foreclosures. knowyouroptions.com by Fannie Mae If you are facing financial difficulties - whether they are short or long term - start exploring your options today. Fannie Mae has put together a comprehensive web site here that covers the various choices consumers have if they fear they will be facing foreclosure