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foreclosure: Fannie & Freddie Extend Eviction Suspension Through February 28th. .. - 02/07/09 01:38 AM
Fannie Mae announced Friday it will extend its suspension of evictions from Fannie Mae-owned single-family properties through Feb. 28. The suspension applies to all single-family properties, including owner-occupied properties that have been foreclosed upon as well as foreclosed properties occupied by renters. Freddie Mac also issued a similar announcement suspending evictions through Feb. 28.The company this month began implementing its National Real Estate Owned (REO) Rental Policy that allows qualified renters in Fannie Mae-owned foreclosed properties to stay in their homes. The new policy applies to renters occupying any type of single-family foreclosed properties at the time Fannie Mae acquires the … (0 comments)

foreclosure: Foreclosure should be a LAST RESORT : Bail Out Option(s) - 01/22/09 08:59 PM
If it wasn't obvious already, we're finding out more and more through conversation with consumers how little they know about their options regarding their distressed home. Let us remind everyone, that Section 1403 of the new housing bill that was signed into law on July 30th, 2008(HR 3221 - effective immediately) requires mortgage servicers to modify loans for homeowners and help them avoid foreclosure as long as three requirements are met:
Default on the mortgage either has already happened or is "reasonably foreseeable" The home owner is living in the property as his or her primary residence The lender is likely to recover more … (4 comments)

 
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Pederson Properties, Inc.

La Quinta, CA

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HK Lane La Quinta & Prudential Maui Realtors

Address: 78-100 Main Street Suite 108, La Quinta, CA, 92253

Office Phone: (760) 834-7500 x 4900

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