Tuesday, December 02, 2008
Temporary Foreclosure Suspension
In an effort to keep at-risk borrowers from losing their homes, Fannie Mae and Freddie Mac announced that they are suspending foreclosures and evictions during the holiday season from November 26 through January 9. The temporary suspension will extend Fannie and Freddie’s recently unveiled mortgage modification program to homeowners who haven't paid their mortgages for three months. Fannie and Freddie estimate that as many as 16,000 borrowers may benefit from the suspension. "With this suspension, seriously delinquent borrowers may have an opportunity to avoid foreclosure and work out terms to stay in their homes," said James Lockhart, Director of the Federal Housing Finance Agency.
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I recently came across your blog and have been reading along. I thought I would leave my first comment. I don't know what to say except that I have enjoyed reading. Nice blog. I will keep visiting this blog very often.
Betty
http://www.my-foreclosures.info
Betty
http://www.my-foreclosures.info
This will be a temporary thing. It only allows people to stay in their home through the holidays. There is a giant wave of foreclosures coming right after the first of the year.
Jose Lopez
Sarasota Florida Foreclosures
Jose Lopez
Sarasota Florida Foreclosures
Though it is temporary, it will be a great help to those at risk to think of other possible way to pay or better yet, find other place to stay.
Nice presentation...
Regards,
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Regards,
http://www.saibposervices.com/Real_Estate_Process_outsourcing_services.aspx
Real estate services
hello... you may submit this blog to my webBlog Directory, keyworddir.info.. have a nice day!
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In many parts of the country the market volume has picked up. In Florida which is one of the hardest hit, volume is now up for 5 months in some areas. The same goes for Southern California, Nevada and many other areas. Bergen County has not been hit as hard as these areas and did not go up as much as they did. Bergen was lucky not to be that speculative of an area. The bottom has been forming in my opinion, although it is taking time, there is a lot of money coming back into the market from the federal government in many forms. It will really start to be felt in the next month or so.
Hi,
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Foreclosu-re.info Team
http://www.foreclosu-re.info
We have just added your latest post "Chicago Real Estate Blog: Temporary Foreclosure Suspension" to our Directory of Foreclosure . You can check the inclusion of the post here . We are delighted to invite you to submit all your future posts to the directory and get a huge base of visitors to your website.
Warm Regards
Foreclosu-re.info Team
http://www.foreclosu-re.info
In many parts of the country the market volume has picked up
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