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Contact Fannie Mae or Freddie Mac to find out if they back your mortgage.

For Fannie Mae:
800-7FANNIE (8 a.m. to 8 p.m. EST)
www.fanniemae.com/homeaffordable

For Freddie Mac:
800-FREDDIE (8 a.m. to 8 p.m. EST)
www.freddiemac.com/avoidforeclosure

I also recommend checking out this government website that can help you understand if you are a candidate for the HASP refinance or modification programs.

More recession rescue advice from Suze Orman
Published 04/02/2009
Please note: This is general information and is not intended to be legal advice. You should consult with your own financial advisor before making any major financial decisions, including investments or changes to your portfolio, and a qualified legal professional before executing any legal documents or taking any legal action. Harpo Productions, Inc., OWN: Oprah Winfrey Network, Discovery Communications LLC and their affiliated companies and entities are not responsible for any losses, damages or claims that may result from your financial or legal decisions.

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