More Help from Fannie

Fannie Mae this week told all of its servicing institutions that in cases where a delinquent borrower is unemployed and working with his/her state's Hardest Hit Fund programs, the servicer MUST not either refer the property for foreclosure or hold a foreclosure sale for at least 45 days. The period commences when the servicer is formally notified of the homeowner's participation in the program. According to DS News, the 19 states participating in this program are Alabama, Arizona, California, Florida, Georgia, Illinois, Indiana, Kentucky, Michigan, Mississippi, Nevada, New Jersey, North Carolina, Ohio, Oregon, Rhode Island, South Carolina, Tennessee, and Washington, DC. For details, call Fannie Mae or log on to its site: www.fanniemae.com . Good luck.