No Evictions during the Holidays
By odihost on January 7th, 2012
Both Fannie Mae and Freddie Mac will suspend evictions for single-family foreclosures and two- to four-unit properties during the holiday season, from Dec. 19 through Jan. 2, 2012.Â
Source: http://www.articlesbase.com/finance-articles/no-evictions-during-the-holidays-5543239.html
According to a Fannie Mae spokesman, “The holidays are meant for families to spend time together, especially if they’ve gone through the stress of financial challenges and foreclosure. No family should have to give up their home during this holiday season.” Â
Source: http://www.articlesbase.com/finance-articles/no-evictions-during-the-holidays-5543239.html
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 until after the moratorium.
Source: http://www.articlesbase.com/finance-articles/no-evictions-during-the-holidays-5543239.html
Although this is a nice gesture on the part of the two largest lenders in the country a recent report indicates we are a long way from being through with the foreclosure crisis.
Source: http://www.articlesbase.com/finance-articles/no-evictions-during-the-holidays-5543239.html


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