Freddie Mac Foreclosures on Hold for the Holidays

I found this fascinating quote today:

Freddie Mac Foreclosures on Hold for the Holidays

November 23rd, 2008 by Dru Bloomfield, At Home In Scottsdale

Everyone can take a breath.  Locally, Aimee Ghimire just reported this news which will hopefully take some of the pressure off home owners, in specific situations, who are behind on their mortgage payments.  Take a look at the full article, Foreclosures suspends all foreclosures, for more details on who may benefit from this reprieve.

A foreclosure break for the holidays. Freddie is announcing a suspension to all foreclosure activity from the day before Thanksgiving to January 9, 2009. Here is what Freddie has on its website:Arizona Mortgage Guru, Nov 2008