Fannie Mae and Freddic Mac Suspend Foreclosures

Fannie Mae and Freddic Mac Suspend ForeclosuresGrant HammondNovember 25, 2008September 14, 2009

Well, here’s some semi-encouraging news for those who are close to eviction:

“The two mortgage giants (Fannie Mae and Freddic Mac) have issued a notice to its loan servicing organizations and retained foreclosure attorneys directing them to suspend foreclosure sales on occupied single-family properties as well as the completion of evictions from occupied single-family properties scheduled to occur from November 26, 2008 until January 9, 2009.”

SOURCE: RISMedia

Grant Hammond

Grant Hammond is a Nashville real estate strategist with 25 years of experience advising buyers, sellers, and investors across Middle Tennessee. His analysis of housing trends, development activity, and macroeconomic dynamics has been cited by The Tennessean, Nashville Business Journal, Nashville Post, Los Angeles Times, and The Wall Street Journal. Readers seeking guidance on local housing trends or investment strategy can contact Grant.