Freddie Mac (Sort of) Extends Foreclosure Moratorium

Freddie Mac has extended until May 31, 2006 the foreclosure suspension for property owners in counties worst affected by Hurricane Katrina. The news is not all for those affected by the storm. The extension applies only to those 21 counties and parishes that have been designated disaster areas by the federal government and where FEMA individual assistance is available.

In 34 counties, Freddie Mac must give permission to foreclose, and in the remaining 64 counties, the blanket foreclosure ban has been lifted. You can read the entire announcement from Freddie Mac here.

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This entry was posted on Monday, February 13th, 2006 at 5:19 pm and is filed under Bankruptcy. You can follow any responses to this entry through the RSS 2.0 comment feed.
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