Freddie Mac recently announced that it was suspending all foreclosures (through Dec. 31, 2017) in areas that the FEMA has declared eligible disaster areas as a result of hurricanes Harvey and Irma. In addition, Freddie Mac is also suspending (until further notice) all eviction activities for borrowers in these same areas. They are also working with loan servicers to ensure that no property inspection costs resulting directly from either Harvey or Irma are passed on to impacted borrowers. An eligible disaster area is an area comprised of counties or municipalities that have been declared by the President of the United States to be major disaster areas where federal aid in the form of individual assistance is being made available.
Click here to read the full release from Freddie Mac.
Click here for a list of eligible disaster areas.
