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December 2014-Fannie & Freddie Halts Foreclosure Eviction

By
Real Estate Agent with Samson Properties VA0225077251

Yet again, the government-backed mortgage giants announced they will put a temporary halt to all foreclosure related evictions between December 17 and January 2, 2015" Today's announcement will bring some holiday relief to borrowers who went through foreclosure and were preparing to move," said Chris Bowden, senior vice president of REO at Freddie Mac. 

While evictions will come to a halt during the period, all legal and administrative proceedings will continue. The agencies will continue to file notices of default and schedule auction sales, said Bowden.

If a foreclosure sale is completed during the moratorium, families won't be forced to leave their homes until after January 2.

Here is a link to find details for details

Apart from Fannie & Freddie in past there are other convention banks that have temporary halt the foreclosure. Contact your lender about this.

Posted by

 
                             
Associate Broker
MRP, ABR, ePRO

NVAR, Life Time Top Producer
NVAR,Multiple Million Dollar Sales Club Member
Samson Properties
Cell - 703-625-4949
Email - info@eNOVAHomes.com
Web: www.eNOVAHOMES.com
 
Residential real estate agent serving Northern Virginia in Fairfax & Loudoun county over a decade and almost $100+M in sales volume experience. 


 
John Pusa
Glendale, CA

Ritu - This is very good news for homeowners in default to celebrate Holidays at home.

Dec 19, 2014 08:38 AM
Mark Don McInnes, Sandpoint-Idaho
Sandpoint Realty LLC - Sandpoint, ID
North Idaho Real Estate - 208-255.6227

Hello Rita.   Excellent news.  I remember coming home a Christmas about 5 or 6 years ago when struggling.  An eviction notice had been left on my door Christmas Day.  I had not been there but I did feel so bad for people who might be enjoying the day with family and friends to receive that notice.  So yes good news.   Merry Christmas Rita and have a wonderful New Year.  Mark

Dec 19, 2014 12:18 PM