Washington Looking To Curb Foreclosures

It has been widely talked about in the Real Estate industry for weeks now that the push for the new year from Washington will be to get the banks to offer as many options as possible to borrowers to avoid foreclosures. In that light today - Saturday the 28th of 2009 it was announced that new guidelines and initiatives will be announced Monday the 30th. Keep in mind that these guidelines are limited to loans underwritten by Fannie and Freddie and other lenders participate at their discretion. See the whole document with all the guidelines by clicking this link