Fannie Mae Extends Foreclosure Sales and Eviction Suspension

Fannie Mae announced the extension of the suspension of Foreclosure Sales from January 9th to January 31st.

“The temporary suspension of foreclosures will allow affected borrowers facing foreclosure to retain their homes while Fannie Mae works with mortgage servicers to implement the SMP. Foreclosure attorneys and loan servicers have been instructed to use the additional time to reach out to borrowers and continue to pursue workout options. The initiative applies to loans owned or securitized by Fannie Mae. 

The SMP is aimed at the borrower who has missed three payments or more, owns and occupies the primary residence, and has not filed for bankruptcy. The program creates a fast-track method for getting troubled borrowers into an affordable monthly payment through a mix of reducing the mortgage interest rate, extending the life of the loan or even deferring payments on part of the principal. Servicers have flexibility in the approach, but the objective is to create a more affordable payment for borrowers at risk of foreclosure.”

Las Vegas Real Estate Foreclosures for Sale on the Las Vegas MLS for 1/08/09:

7,914  Foreclosures on the Las Vegas MLS currently available for sale in areas 101 through 606 which includes Las Vegas, North Las Vegas, Henderson and Summerlin Foreclosures.

  • 6,301 Las Vegas Single Family REO Homes
  • 1,097 Las Vegas Condominium REO Properties for Sale
  • 502 Las Vegas REO Townhomes for Sale
  • 14 Manufactured REO.

Search and view Las Vegas Foreclosures for sale on the Las Vegas MLS with maps.

Use the Contact information below for purchasing Foreclosures in Las Vegas, Summerlin and Henderson.

Paul Francis, CRS
Las Vegas Foreclosures
702.592.3058

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