A holiday break: Lenders suspend foreclosure evictionsDecember 5, 2012 @ 7:48 am
Mortgage giants Fannie Mae and Freddie Mac announced that they will temporarily halt all bank repossessions and evictions beginning in mid-December until January 2, 2013.
The temporary foreclosure suspension goes into effect beginning December 17. The moratorium will not affect the filing notices of default or the scheduling of auction sales.
"The holidays are a chance to be with loved ones and we want to relieve some stress at this time of year," said Terry Edwards, executive vice president of credit portfolio management, Fannie Mae.
Bank of America also recently announced that it is halting foreclosure evictions for the holidays for loans it owns and for those it services for investors. JPMorgan Chase, Wells Fargo, and Citibank have yet to release a statement on whether they'll follow suit, although they have done so in the past for the holidays.
Despite legalization, 'business is good' for Seattle's illegal pot dealers
Chiara D'Angelo spent her day mourning the loss of over 800 trees on Bainbridge Island
Some of the most beautiful animals in the world are disappearing from Washington
Please login below with your Facebook, Twitter, Google+ or Disqus account. Existing MyNorthwest account holders will need to create a new Disqus account or use one of the social logins provided below. Thank you.