This page was written, edited, reviewed & approved by Emil J. Fleysher following our comprehensive editorial guidelines. Emil J. Fleysher, the Founding Partner, has 15+ years of legal experience as a bankruptcy attorney. Our last modified date shows when this page was last reviewed.
National mortgage backers Freddie Mac and Fannie Mae made an announcement this morning. They are suspending foreclosure evictions and lockouts from Dec. 19 through Jan. 2, 2012. The order involves foreclosed occupied single-family homes and two to four-unit properties; all that had Freddie Mac or Fannie Mae mortgages.
The government-sponsored enterprises also suspended foreclosure evictions last year during the holiday season. But, part of that included the foreclosure moratorium that most major lenders put in place; after the robo-signing scandal left some foreclosures in doubt.
"If the property is occupied, our foreclosure attorneys will suspend the eviction to provide families a greater measure of certainty during the holidays," said Tracy Mooney, Senior Vice President of Servicing and REO at Freddie Mac.
"The holidays are meant for families to spend time together, especially if they've gone through the stress of financial challenges and foreclosure," said Terry Edwards, Fannie Mae's executive vice president of credit portfolio management. "No family should have to give up their home during this holiday season. Fannie Mae is committed to helping borrowers avoid foreclosure whenever possible and we encourage any homeowner who is having difficulty making their payment to reach out for help."
If you have questions about foreclosure, loan modification, or other alternatives, please feel free to call my office at 954-484-9987. Or, send an e-mail to info@fleysherlaw.com, or complete the contact form below.
Emil specializes in consumer bankruptcy, debt settlement, and mortgage modification, offering a holistic approach to solving mortgage and debt problems. Emil listens to clients, understands their circumstances and goals, and helps them make the right choices by presenting all options and contingencies.
He is dedicated to helping South Floridians regain their financial freedom from overwhelming debt caused by high interest credit cards, bad mortgage loans, and uninsured medical expenses.
"*" indicates required fields
