Freddie Mac Announces Help for Homeowners Hit by Hurricance Sandy

by devteam October 31st, 2012 | Share

Homeowners with Freddie Mac mortgagesrnwill get some help if their homes were damaged or destroyed by Monday’s massivernstorm.  The company announced on Tuesdayrnthat it is making its full range of disaster relief services to thesernhomeowners as long as they are in jurisdictions that have been declared major disaster areas by the President and where hernhas made federal Individual Assistance Programs available.</p

Freddie Mac’s disaster relief policiesrnpermit its servicers to help affected borrowers with Freddie Mac-owned loans byrnsuspending foreclosure and eviction proceedings for up to 12 months, waivingrnpenalties or late fees, and not reporting delinquencies or forbearance torncredit bureaus. </p

Homeowners in need of disaster reliefrnand who qualify according to the above should contact their servicers or callrnFreddie Mac at 800-Freddie

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About the Author


Steven A Feinberg (@CPAsteve) of Appletree Business Services LLC, is a PASBA member accountant located in Londonderry, New Hampshire.

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