Will Foreclosures Slow Down?

The starting of new foreclosures actions may be delayed due to Fannie and Freddie Mac no longer sending foreclosure cases to Steven J. Baum, P.C. This could give homeowners more time to modify their mortgage or short sale their home.

From theĀ  Freddie Mac Website:

“After November 10, 2011, Servicers may not refer any new Freddie Mac foreclosure or bankruptcy cases in New York to Steven J. Baum, P.C., whether referred within or outside of our Designated Counsel Program. Until further notice, Steven J. Baum, P.C. will continue to work on all foreclosure and bankruptcy matters referred on or before November 10, 2011.”

At Bayview Estates Realty, we believe in putting people before profit. If you are interested in selling your home, please feel free to contact our office at 516-777-0146. Thanks for stopping by!

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