ScottR
Chief Bottle Washer
Joined: Feb 11, 2006
Posts: 332
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 Posted: Thu Dec 01, 2011 1:20 pm Post subject: Fannie Mae Halts Foreclosures for the Holidays |
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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. |
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