End of foreclosure moratorium won't mean flood of closings

Although Fannie Mae and Freddie Mac lifted a moratorium on the seizure and sale of tens of thousands of distressed homes, it doesn’t mean that would-be buyers will be rushing to close their long-delayed contracts. More than a week after the government-sponsored mortgage companies said they would move ahead with sales of foreclosed houses, brokers and title agents say closings will be slow to resume.

By |2011-02-02T09:57:04+00:00February 2nd, 2011|Uncategorized|Comments Off on End of foreclosure moratorium won't mean flood of closings