Fannie Mae and Freddie Mac will suspend foreclosure evictions
from December 19, 2009 through January 3, 2010. To help
struggling families over the holidays, both owner-occupants and
tenants living in properties foreclosed upon by Fannie Mae will
not be evicted. Freddie Mac's suspension of evictions will be
limited to properties up to four units.
In a similar move, Citigroup Inc. will suspend foreclosure sales
and evictions for 30 days through January 17, 2010 for loans it
owns. Citigroup's foreclosure moratorium, however, does not
extend to loans it services on behalf of other investors. Given
these developments, other lenders may follow suit, so check with
the lender if appropriate.
Call me or email me if you are facing Foreclosure soon, or if you have
received a Notice of Default, I can really help you avoid it.
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