FHLMC Guide Bulletin 2013-1 Hurricane Sandy Relief Extended

Investor Update: On January 31, Freddie Mac issued an update entitled Single-Family Seller/Servicer Guide (Guide) Bulletin 2013-1.

Thank you for your ongoing work with us to evaluate the most effective solutions for borrowers coping with the hardships created by Hurricane Sandy. Based on these efforts, today we are announcing in Single-Family Seller/Servicer Guide (Guide) Bulletin 2013-1 extended temporary servicing requirements for eligible Hurricane Sandy-impacted mortgages.

Effective immediately, you are required to suspend through April 30, 2013, all

  • Foreclosure sales for borrowers whose mortgaged premises or place of employment are located in an eligible disaster area as a result of Hurricane Sandy.
  • Eviction closings for borrowers whose mortgaged premises are located in an eligible disaster area as a result of Hurricane Sandy.

As a reminder, Hurricane Sandy eligible disaster areas are published by the Federal Emergency Management Agency (FEMA) and you can identify disaster areas on the FEMA website. New eligible disaster areas are identified as damage assessments and requests for federal assistance are completed.

Get More Information

To view the online update, please click here.

About Safeguard
Safeguard Properties is the largest privately held field services company in the country. Located in Cleveland, Ohio and founded in 1990 by Robert Klein, Safeguard has grown from a regional preservation company with a few employees  and a handful of contractors performing services in the Midwest, to a national company with more than 1,600 employees. Safeguard is supported by a nationwide network of subcontractors able to perform any requested superintendence, preservation, and maintenance functions, as well as numerous ancillary services in the U.S., the Virgin Islands, and Puerto Rico.

OneCommunity

Stay informed about the latest industry news and events with our All Client Alert email newsfeed.

Ask The CEO

Got a question about Safeguard in the industry? Let us know in our Ask the CEO online Q&A section.