Freddie Mac suspends Houston foreclosure sales
Oct 10, 2008
Freddie Mac is suspending foreclosure sales in federally declared disaster areas hit by Hurricane Ike, including Houston. The suspension includes properties with Freddie Mac-owned mortgages in Texas and Louisiana. Hurricane damage has made it difficult for servicers to get information or give help to homeowners, according to the company. A search on Freddie Mac?s HomeSteps site yielded 77 homes for sale in Harris County. The McLean, Va.-based company is one of the nation?s largest investors in residential mortgages. The suspension will run through Dec. 31, the company said, and includes mortgages in default prior to the hurricane
Read More: Houston Business Journal
ShortSale Testimonial
Total Owed: $370,800
Accepted: $299,725
Time to Negotiate: 24 Days
Accepted: $299,725
Time to Negotiate: 24 Days
My home at 5225 greenbriar was upside down. I owed more on it then I
could sell it for in today's market. Vinh assisted in getting the second
lien reduced to very little so I could afford to sell my home and not
have to bring money to the table to close. This was my first personal
short sale and it went very smoothly.
Jacob Sudhoff
Sudhoff Properties
Jacob Sudhoff
Sudhoff Properties
