Fannie Mae and Freddie Mac just announced that they are putting a hold on foreclosures from November 26, 2008 through January 9, 2009. This affects only those loans insured by these two companies and those loan holders who have mortgages that may be able to be resolved in ways other than a foreclosure will be contacted by the bank or an attorney for Fannie/Freddie. This should begin happening around 12/15/08.

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One thing that people often forget or don’t know to ask about is a Realtor’s education. While all agents must take the same classes to become licensed, they are also required to take ongoing education. In Arizona, an agent must take 24 hours of Continuing Education Credit every 24 months to remain licensed. Some agents take courses on an ongoing basis while others cram it all in at the end right before they renew their licenses.

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