Some relief is in sight for South Floridians with Chinese drywall in their homes.
Federal mortgage holders are now offering affected homeowners a break on their loans.
Fannie Mae will allow homeowners to postpone their payments for up to six months, while Freddie Mac will allow a full year.
A home inspection is required to confirm the Chinese drywall problem before the hardship policy can take effect. Analysis will be done on a case-by-case basis. The drywall has been linked to possible health problems as well as the cause of corrosion of electrical wiring, appliances and air conditioning units.
Senator Bill Nelson has been the leading charge to help homeowners. He says, "It's taken a long time for help to come, but this is some welcome news for folks who are out there really struggling."
Click here for the new drywall policies.
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