Freddie Mac and Fannie Mae announced a holiday moratorium on all foreclosed single-family homes that the mortgage giants own or guarantee, suspending all evictions between Dec 18 and Jan 3. Processing of the evictions will continue during this period, but families living in foreclosed homes will be able to stay in their homes.
“At this time of year we want to bring some relief to families who confronted financial difficulties and went through foreclosures,” says Chris Bowden, senior vice president of REO at Freddie Mac. “We also want to remind home owners going into the New Year facing financial challenges to reach out for help as soon as they can by calling their mortgage servicer.”
Freddie Mac and Fannie Mae are also issuing a holiday moratorium on foreclosed 2-4 unit properties.
While the mortgage giants will be putting evictions on a two-week holiday hold, they will continue to proceed on other pre- or post-foreclosure activities.
HOMEOWNERS: Foreclosure is not something a homeowner should face alone! We are homeowner advocates and are here to help. There is never any obligation and we have many years of experience with lending, loan modifications and foreclosure prevention. Don’t risk something so important as your house! Our services are FREE…..We’ve helped so many clients and have never charged a dime.
Reach us today for help:
Dustin and Leah Wise
The Wise Team at Keller Williams Realty
(714)875-3667 call/text
Dustin@TheWiseTeamOC.com
Source = RealtorMag
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