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Fannie Mae Halts Foreclosures For The Holidays

By
Real Estate Agent with Keller Williams Realty NNE MLS#14683

According to the National Association of Realtors

DAILY REAL ESTATE NEWS | THURSDAY, DECEMBER 01, 2011

Fannie Mae says it will suspend evictions for single-family foreclosures and two- to four-unit properties during the holiday season, from Dec. 19 through Jan. 2, 2012.

“The holidays are meant for families to spend time together, especially if they’ve gone through the stress of financial challenges and foreclosure,” Terry Edwards, executive vice president of Credit Portfolio Management for Fannie Mae, said in a statement. “No family should have to give up their home during this holiday season.”

While the holiday moratorium is in place, legal and administrative proceedings for evictions may continue, but “families living in foreclosed properties will be permitted to remain in the home,” Fannie Mae announced in a statement.

In the interim, the current U.S. housing market and financial crisis continues to cause tremendous stress and heartache for families across America. If you or someone you know is among the millions today affected by the prospect of foreclosure, understand that you are not alone.

Unfortunately, too many homeowners who have been unsuccessful in their attempts to refinance are now facing foreclosure. Often they proceed without the assistance or advice of real estate professionals. Now more than ever, you need to find an advocate for you and your family's interests, one who is prepared to handle your specific needs.

Real estate professionals with the Certified Distressed Property Expert (CDPE) Designation have trained extensively to understand the options, solutions, and effective methods for dealing with homeowners facing hardships. Don't risk your financial future and the potential sale of your home with an agent who does not have all the solutions.

CDPEs fully understand that saving a home can save a life, which can save a family, which can save a future.

As a CDPE I am available for those who need my expertise to get back on the path to stability.

If you, or someone you know has questions about this information, or would like to get started creating a plan, call me today.

The more proactive we are, the better the chance of finding financial freedom and stability.

For a Free Report: Understand your options and learn what you can do next.

Or...I urge you to take a moment and call me…

Alexandra von Bryce--- Direct: 603-387-1674

For more information on Short Sales visit my website at:   NHShortSale911.com

Or to read additional blog posts: www.NHShortSaleCenter.com

Alexandra von Bryce, REALTOR®
CDPE (Certified Distressed Property Expert) CDPE Advanced Member, Certified Short Sale Specialist, Certified Distressed Luxury Property Specialist

 

Direct: 603-387-1674

RE/MAX Properties
169 Daniel Webster Hwy.
Nashua, NH 03060
Direct: (603) 387-1674
Office: (603) 589-8800
Fax: (603) 768-4253

avonbryce@gmail.com

Source: Realtor.org

 
David Shamansky
US Mortgages - David Shamansky - Highlands Ranch, CO
Creative, Aggressive & 560 FICO - OK, Colorado Mtg

I guess its kind of a nice thing but in all honesty it could very well be that the attorneys and courts also want the break. Regardless even though its delaying the inevitable for those very unfortunate families they do get some relief during the holidays from the sounds of it

Dec 01, 2011 05:53 AM