Forgotten Gulf dispatches form Mobile and Dauphin Island

A new governement website make the process for determining if you qualify for help with a loan modification or refinancing is now live on the internet.

The site, MakingHomeAffordable.gov, is intended to help communicate how the program works and who is eligible -- elements "critical to the program's success," Housing Secretary Shaun Donovan said in a press release.

The refinance component of the program will rely on Fannie Mae and Freddie Mac to refinance up to 5 million loans they already own or guarantee (see story).

The Fannie Mae form is at www.fanniemae.com/homeaffordable, and the company is accepting calls at  (800) 732-6643 .

Freddie Mac's Web site for troubled borrowers is www.freddiemac.com/avoidforeclosure and calls are accepted at                (800) 373-3343        .

Borrowers can also apply for help from their mortgage servicer by submitting details about their financial situation using an online application form at HopeNow.com, the Web site operated by an alliance of mortgage servicers and nonprofit counselors, or by calling the HOPE NOW hotline,  (888) 995-4673 

Good luck with all your home and real estate needs.