Santa isn't dead. Not much of a present for struggling homeowners, but better than nothing. Fannie Mae and Freddie Mac are suspending foreclosure evictions from Dec. 19, 2009 through Jan. 3, 2010. The temporary moratorium was created to help families over the holidays.
Fannie Mae is suspending all foreclosure evictions on owner-occupants and tenants living in foreclosed properties the company holds. Freddie Mac also will suspend all evictions involving foreclosed, occupied, single family, and 2-4 unit properties with Freddie Mac-owned mortgages.
In a similar move, Citigroup Inc. also announced it will suspend foreclosure sales and evictions for 30 days through Jan. 17, 2010 for loans it owns. Citigroup’s foreclosure moratorium; however, does not extend to loans it services on behalf of other investors.
Scrooge isn't knocking at their doors...yet.
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