In an attempt to stabilize the housing economy, Fannie and Freddie have announced that from December 15th, 2008 they will suspend foreclosures this holiday season while working out loan modification programs for 16,000 homeowners. The streamlined program is geared towards borrowers who:

> Have missed three or more payments
> Are 90 days past due on mortgage
> Have not filed for bankruptcy
> Own a single-family home

Read more from Inman News by clicking here...
The Atlanta Journal-Constitution also ran a concise article which you can find online by clicking here.

If you have any questions, please feel free to give us a call at the zac team at any time if you feel you are in danger of losing your home or if we can be of assistance in your real estate needs: 404.564.7200.