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Fannie mae has sent a notice to its lenders and attorneys that all Foreclosures on Fannie Mae backed loans will be suspended until 2009. This is being done while the Federal Government streamline modification program is being implemented. The streamline program takes effect on December 15, 2008. If you know any one facing foreclosure please ask them to call their lender to see if they have a Fannie Mae backed loan. I have already helped one family with this.;)
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Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
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