Freddie and Fannie Reevaluating Foreclosures

Freddie Mac and Fannie may will be halting foreclosures starting in late November.   These financial institutions will evaluate borrowers who might meet certain criteria included in a newly released loan modification program.    This brief reprieve, will end in early January.  

This will not effect everyone facing  foreclosure.   The media is reporting that just over 15,000 homeowners will receive the benefits of this plan.

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