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Why The New Foreclosure Halt Is Great News For Investors

More Foreclosure News UN JUST hit the headlines last week. This means doom and gloom from The Real Estate Investors fantastic gift could be the United Nations or under false pretenses?

For Those who missed the announcements of last week, the mortgage giants have launched several projects for a 'moratorium on foreclosure' for the holidays. So what, that will help you, and perhaps most importantly, those who hurt?

Fannie Mae, Freddie Mac, Chase and Wells Fargo has announced a 'moratorium on foreclosure' for dates between December 19 and January 2. However, what this really amounts to a halt on evictions effective for those few days, during which these mortgage companies to go ahead with the paperwork they need to start the new year with a flourish of new evictions and foreclosures. So homeowners should avoid being lulled into a false sense of security that could have disastrous consequences.

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