Fannie Mae And Freddie Mac Suspend Foreclosures

22 Nov Fannie Mae And Freddie Mac Suspend Foreclosures

On Thursday Fannie Mae announced that it will suspend foreclosures scheduled to occur from November 26, 2008 through January 9, 2009.

The temporary suspension of foreclosures will allow Fannie Mae to implementa loanmodification program scheduledto begin onDecember 15, 2008.

Loan servicers and foreclosure attorneys for Fannie Mae were also directed to suspend foreclosure sales on occupied single-family properties as well as stop the completion of evictions from occupied single-family properties.

Freddie Mac also announced they are suspending foreclosures.

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I've been a consumer bankruptcy lawyer for nearly 25 years. Since that time I have helped many people resolve their financial problems. I have been practicing law since 1986 and I am licensed to practice in all state and federal courts in the State of Louisiana. Because I am a sole practitioner, you know that your debt matters are being handled by me personally. In addition to my work with consumers, I am also frequently asked to speak at local seminars on bankruptcy law. I am member of the following organizations: • Louisiana Bar Association • National Association of Consumer Bankruptcy Attorneys • Bankruptcy Law Network My office is located at: 3920 General DeGaulle Drive, New Orleans, LA 70114 Telephone: (504) 368-4101

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