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Freddie Mac Foreclosures on Hold for the Holidays

by Dru Bloomfield on November 23, 2008

Sign Of The Times - Foreclosure
Image by respres via Flickr

Everyone can take a breath.  Locally, Aimee Ghimire just reported this news which will hopefully take some of the pressure off home owners, in specific situations, who are behind on their mortgage payments.  Take a look at the full article, Foreclosures suspends all foreclosures, for more details on who may benefit from this reprieve.

A foreclosure break for the holidays. Freddie is announcing a suspension to all foreclosure activity from the day before Thanksgiving to January 9, 2009. Here is what Freddie has on its website:Arizona Mortgage Guru, Nov 2008

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