I believe I heard this AM that foreclosures in and around the gulf coast would be suspended. Didn't catch for how long. Not in that area myself I wondered if someone on the forum was and What effect it may have?
BadAsset
Member
Registered: 01/16/09
Posts: 106
Loc: Cold State
this is what i saw this morning:
Fannie and Citi Offer Mortgage Relief to BP Oil Spill Victims
Mortgage companies are beginning to step up and offer some relief to homeowners whose livelihood has been impacted by the BP oil spill off the coast of the Gulf of Mexico. Fannie Mae has issued an announcement suggesting its servicers immediately suspend or reduce mortgage payments for borrowers whose properties or income have been affected by the spill. CitiMortgage is suspending foreclosures and REO evictions in coastal areas of the Gulf until September 17.
This Google Custom search may do a better job of searching the forums for some keywords than the old forum search does. The results do not include threads from the Asset Managers Forum however. To search that forum you will need to be actually in the Asset Managers Forum and you will need to use the old forum search below.
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