Freddie Mac suspends Houston foreclosure sales

Freddie Mac is suspending foreclosure sales in federally declared disaster areas hit by Hurricane Ike, including Houston. The suspension includes properties with Freddie Mac-owned mortgages in Texas and Louisiana. Hurricane damage has made it difficult for servicers to get information or give help to homeowners, according to the company. A search on Freddie Mac?s HomeSteps site yielded 77 homes for sale in Harris County. The McLean, Va.-based company is one of the nation?s largest investors in residential mortgages. The suspension will run through Dec. 31, the company said, and includes mortgages in default prior to the hurricane
Read More: Houston Business Journal