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Fannie Mae & Freddie Mac Announce an "Eviction Moratorium" for the Holidays

By Alex Charfen

Services for Real Estate Pros with Charfen Institute

December 19, 2011 10:20 AM

The holiday season should be a magical time of year. However, for a growing number of families, the usual holiday celebrations are trumped by financial troubles, foreclosure and the looming threat of eviction.

Fannie Mae and Freddie Mac offered some relief to such families by announcing an “Eviction Moratorium” through January 2, 2012. During this time, families living in foreclosed homes will not be forced to leave, though legal proceedings may continue as scheduled.

Undoubtedly, Fannie and Freddie’s efforts will prove comforting to homeowners who find themselves in this situation. However, the relief is short lived.

Remember, the “eviction moratorium” is only a short reprieve, so we urge you to continue reaching out to homeowners during the holiday season. Simply knowing that options exist can provide them with peace of mind. And during the holidays, a little peace of mind is an invaluable gift.

If you are not yet a CDPE and would like to learn how you, too, can help homeowners in distress, watch our FREE PREVIEW of the CDPE Designation Course.

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Broker Patty Da Silva Da Silva

Green Realty Properties® - 954-667-7253 - Cooper City, FL

Top Listing Broker

Alex, I am glad to hear that Fannie Mae and Freddie Mac will again have a "Eviction Moratorium" during the holiday season.

Though the Moratorium is welcome during this time of the year, unless homeowners who are in distress are looking into the options available to them, they will eventually foreclose and it does NOT have to be that way.

Education and information are so important.

Dec 19, 2011 10:38 AM

Steve Queen

Bennett Realty Solutions - Bowie, MD

Chosen Realtor for Bowie And Laurel

I'm sure many families will appreciate the moratorium. But January 3rd brings back the harsh reality fast. I hope they look for options during this brief reprieve.

Dec 19, 2011 11:01 AM

Dee Mayers

Covina, CA

San Gabriel Valley, CA

How can they be relieved when the inevitable is hanging over their heads? This is one of the things that upset me the most. If Mae and Mac can create an eviction moratorium through Jan 2nd, why not put a stop to the evictions permanently and work with the families they will be putting out on the street. Just saying!

Dec 19, 2011 01:37 PM

Stella Barbour

NoVa Brokers LLC - Vienna, VA

Principal Broker, Serving Virginia and Maryland

I know it is nice to hear that they put this off but other than a very short term solution, it does nothing more for the homeowner except give them a couple more weeks. They should put their efforts in a long term solution and we would not have these issues.

Dec 21, 2011 12:32 AM

Fannie Mae & Freddie Mac Announce an "Eviction Moratorium" for the Holidays

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