Freddie Mac has suspended government foreclosures for mortgage loans qualified for any of the housing schemes offered under Obama’s program, the HOPE NOW program and other federal loan modification programs.
Loan modification initiatives aimed at averting foreclosures have been failing, according to the National Association of Consumer Bankruptcy Attorneys.
To help in preventing the growing number of foreclosures in their state, the government of New Jersey has implemented three programs that aim to help troubled homeowners.
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