If you are paying on your mortgage and you want to sell your house, a mortgage freeze buoys your prospects.

Here – Read – From CBS Moneywatch

The housing market just keeps getting uglier. Now we’re learning that not only did banks do a bad job of making loans, they’re also doing a bad job of foreclosing on them. So bad that we have a nation-wide freeze on foreclosures. But if you’ve been paying your mortgage and your house is for sale, the foreclosure freeze just made your house a lot more attractive to potential buyers.

Charlie Farrel’s explanation of the advantages is quite clear. If you own your own home and are thinking about selling, I’d give it a full read.

James Pilant