With the anticipated announcement by the Obama Administration of a foreclosure prevention and loan modification program, Fannie Mae is again instituting a temporary halt to all foreclosure sales on occupied single-family properties scheduled to occur from February 17 through March 6, 2009. The temporary foreclosure halt will apply to portfolio mortgages and MBS pool mortgages owned or guaranteed by Fannie Mae and to foreclosures of homes that are already in process. Fannie Maes also extending its existing temporary halt of all eviction proceedings through March 6, 2009.

at Harold Canum's - Appraisal resource we are happy to see this development and look forward to seeing what kind of mortgage assistance will be provided in the near future especially when appraising in the riverside county areas of California, where prices seem to be in a near free fall in some areas. I hope this can help people!