New Freddie Mac Incentives to Avoid Foreclosure

Yesterday, Mortgage giant Freddie Mac rolled out a Loan Workout Incentive Plan for mortgage servicing companies to help borrowers that have delinquent loans, stay in their home. Freddie Mac is now essentially doubling the money paid to mortgage servicing companies if they arrange a loan "workout", and keep the borrower in their home.

Freddie Mac, also has updated it's website to inform borrowers with Freddie Mac loans, how they can avoid foreclosure

The key thing to take from this is that Freddie Mac wants to AVOID foreclosures at all costs, evidenced by the fact that they are doubling payouts to mortgage servicing companies if they can arrange a loan workout. Therefore if you have a loan that was taken out from Freddie Mac, you have a great chance to avoid foreclosure.

If you are currently having problems making payments on a Freddie Mac loan, contact your mortgage servicer or Freddie Mac IMMEDIATELY for information on obtaining a loan workout.
Many times the main reason people lose their home to foreclosure is the fact that they FAILED TO ACT! Don't let this happen to you, and if you have a loan taken out from Freddie Mac, you have even more to lose by not contacting your mortgage servicer about your situation.


If you live in Massachusetts or Connecticut, and I can help you in this regard, please do not hesitate to contact me by email at russ45esq@gmail.com