Fannie Mae and Freddie Mac Stop Evictions for the Holidays
Fannie and Freddie announced that they will provide a break for those homeowners facing foreclosure who are having a hard time making their mortgage payments. They will not be evicting people from their homes over the holidays.
This is called an “eviction moratorium”. The eviction moratorium applies to single-family homes and two-four unit properties.
Fannie Mae’s time period is from December 19,2012 through January 2, 2013.
Freddie Mac’s time period is from December 17,2012 through January 2, 2013.
The foreclosure process is NOT put on hold during this time, only the eviction process is.
Fannie and Freddie are the the two largest sources of U.S. housing money and were taken over by the government in September 2008 at the peak of the financial crisis.
Stop foreclosure today. In most situations, a Florida short sale is better than a foreclosure. Contact Nestor Gasset and Katerina Gasset at 561-753-0135 today for a confidential phone interview to go over your foreclosure options. Don’t delay. The closer you get to your final judgment date the harder it is to stop your foreclosure.
Authored by Katerina Gasset