MERRY CHRISTMAS AND A HAPPY NEW YEAR?
No Foreclosures Over the Holidays
Source: CNNMoney, Les Christie (12/03/2010)
Fannie Mae and Freddie Mac are freezing all foreclosure evictions on the mortgage loans they own or back from Dec. 20 through Jan. 3.
"If the property is occupied, our foreclosure attorneys will suspend the eviction to provide a greater measure of certainty to families during the holidays," says Anthony Renzi, executive vice president of single family portfolio management at Freddie Mac.
Most of the large banks, including Bank of America, J.P. Morgan Chase, and Wells Fargo, already observe a moratorium through the New Year, unless the foreclosure involves an investor who chooses not to observe the holiday policy.
Carlsbad Residents, don't wait until this is what you worry about during the Holidays
You have enough to worry about during the holidays, parties, friends, gathering, gifts. Don't make getting evicted one of them. If you or someone you know is starting to have problems with the mortgage you need to call me right away.
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