REALTORS READ NOW | Fannie Mae and Freddie Mac Foreclosure Freeze| How to List REOs | Realtor REO Coaching and Training

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Education & Training with Tim & Julie Harris® Real Estate Coaching

This is something urgent that you will want to read immediately....

Effective next week Fannie and Freddie and freezing all foreclosures. In other words, no family will lose their home that is owned by the FHA over the holidays.

Expect to see more foreclosure moratoriums…typically for 90 days. Don't be surprised if the new President calls for a National 90 Day Mortgage moratorium.

Will this do anything positive to help the real estate markets?

California tried this and..it didn’t have any sort of significant effect. Expect to see a massive number of foreclosures hit the market after this artificial reprise….GO HERE NOW TO READ THE WHOLE STORY IN DETAIL.

 

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  Tim and Julie Harris® Real Estate Coaching  
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Rainer
128,997
Justin Ukaoma
Vizion KC - Kansas City, MO
Kansas City Real Estate Investments

As an investment company which primarily buys foreclosures this could potential hurt our business.  I've been hearing about this and will continue to watch the situation closely thanks for the heads up.

Nov 20, 2008 05:55 PM #1
Rainer
13,920
Maggie Baumbach
Search Homes for Sale in Maryland at HelpShop.com - Reisterstown, MD

Wow unintened consequences can be rough. As momma used to say, the road to a really hot place is paved with good intentions.

Nov 20, 2008 09:05 PM #2
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Rainmaker
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Tim and Julie Harris

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