If you're facing foreclosure because you haven't paid your mortgage and the reason is that you are unemployed, and if your loan is with Freddie Mac, there's a bit of good news! If you are unemployed, they will have any servicing institution (where you pay your loan) forbear for up to six months on any foreclosure action. Additionally, if you get prior approval, they may provide up to another six months--a total of a year, in some cases. Before this announcement, the limits were three months--six with prior approval.
If you have a loan from Freddie or backed by them, call your servicer NOW!
Good luck!
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