Distressed Properties Sale Articles

Weeks before his inauguration as US President, Barack Obama is expected to have his hands full during his first 100 days in office. Adding to the many internal problems and concerns is the issue on home mortgages. US families seem to be looking at Obama for hope in securing their soon-to-be foreclosed homes.

Government-managed mortgage giants Fannie Mae and Freddie Mac have announced their offer to lower monthly payments for borrowers nearing foreclosures. Federal officials maintained that the Fannie Mae and Freddie Mac move was just a part of the government’s program to put a stop to the rising numbers of foreclosure properties.