South Carolina Stops Foreclosures

The South Carolina Supreme Court has issued a restraining order preventing foreclosure sales on properties backed by mortgages held by Fannie Mae, Freddie Mac, or any mortgage lender who has received federal assistance monies. The restraining order is intended to allow homeowners to seek to take advantage of new federal programs to refinance mortgages.

Consumer Alert

The California Attorney General's Office has issued a consumer alert regarding persons or companies promising to help those in economic distress avoid foreclosures or modify their home loans. If you are in a situation in which you may need to renegotiate your loan or are facing foreclosure, be careful! For more information on the alert, click here.