U.S. home foreclosure sales ban lifted by mortgage giants Freddie Mac and Fannie Mae

Foreclosure sales all over the country are set to resume soon as government mortgage firms Fannie Mae and Freddie Mac advised real estate agents to restart their processing as usual. The companies have put a freeze on sales of foreclosed homes because of the foreclosure documents fiasco that erupted two months ago.

Freddie Mac sent a memo to agents instructing them to “resume all normal sales activity” while Fannie issued a memo telling agents to “proceed with scheduling and holding the closings” of foreclosure sales and to coordinate “if a title issue arises with respect to the potential defect of an affidavit used in the underlying foreclosure.”