Fannie Mae and Freddie Mac Help HUD Homes Owners Impacted By Hurricane Sandy

Hurricane Sandy cut a large swath out of the East Coast as it hit the nation on October 29, 2012, and it left a lot of people scrambling to either find new homes or making repairs to those that made it through the storm.

The federal government is doing everything it can to help people through this tough time. Part of that assistance comes from Fannie Mae and Freddie Mac. These two government backed lenders have put a moratorium on foreclosures and in some cases allowed borrowers to reduce or forego their mortgage payments for as long as 90 days.

Families that were forced to leave their homes due to the threatening storm are relieved to hear this news as they set about rebuilding. Whether that relief comes in the form of temporarily relaxed mortgage terms, or it is about helping them buy HUD homes for sale, the government is taking charge of encouraging lenders to help them out.

RealtyStore.com has a Guide to HUD Homes that will help potential home buyers in the process of purchasing HUD homes. Of course, there is always the opportunity to locate the perfect HUD home by visiting this site because HUD already has an inventory of homes that are vacant and those that have been returned to them through foreclosure.

Whether you are looking for a HUD home to buy, or trying to hold onto the one you already have, working with the folks at Housing and Urban Development can help you realize your dreams.