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| Deed in Lieu of Foreclosure - Do You Need Help to Walk Away? Need Help with a deed in lieu of foreclosure AKA Take this Home & Shove It! You are not alone. We thought we would add this section to the forum to assist the homeowners that have made the tough decision to walk away from their homes. This is America and you have the right to walk away from contracts and your home. The question is what implications will you suffer for saying, "Take this home and shove it, I aint paying you no more!" Find out the good, the bad and the ugly. |
This is a discussion on Fannie Mae & Freddie Mac Suspending Foreclosures within the Deed in Lieu of Foreclosure - Do You Need Help to Walk Away? forums, part of the Stop Foreclosure and Tell Us Your Story category; Just Picked this up: Press Release from Fannie Mae (no link yet): Fannie Mae to Suspend Foreclosures Until January In ...
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| Fannie Mae & Freddie Mac Suspending Foreclosures Just Picked this up: Press Release from Fannie Mae (no link yet): Fannie Mae to Suspend Foreclosures Until January In order to support the streamlined modification program announced on November 11, 2008, Fannie Mae (NYSE: FNM) today issued a notice to its loan servicing organizations and retained foreclosure attorneys directing them to suspend foreclosure sales on occupied single-family properties as well as the completion of evictions from occupied single-family properties scheduled to occur from November 26, 2008 until January 9, 2009.Freddie Mac also announced they are suspending foreclosures. |
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| Re: Fannie Mae & Freddie Mac Suspending Foreclosures does this mean that people who want to walk away are not stuck from doing so? i wonder what kind of modification will they do? lower principle or lower interest rate? |
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| Re: Fannie Mae & Freddie Mac Suspending Foreclosures No Principal Reductions – Fannie will not reduce the principal, in virtually any circumstance, to make the mortgage payment affordable. Yet another announcement that will do little to nothing. |
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