Fannie
Mae won’t be a Grinch over the holidays. The company announced that
it will issue an eviction moratorium for the holidays, as it has done
in previous years.
The GSE will
suspend evictions of foreclosed single-family and 2-4 unit properties
from December 18, 2013 through and including January 3, 2014. During
this period, legal
and
administrative proceedings for evictions may continue, but families
living in foreclosed properties will be allowed to remain in the
home.
“The
holiday season is meant for quality time with family and we want to
relieve anyone of the anxiety of leaving their home during this
season,” said Terry Edwards, COOfor Fannie Mae. “We
encourage any homeowner who is having difficulty making their
mortgage payment to reach out for help right away. Fannie Mae will
continue to help borrowers avoid foreclosure whenever possible.”
This
year, Fannie Mae continued its efforts to keep homeowners in their
homes by introducing the Streamlined Modification, which is available
once someone experiences a hardship that causes them to be 90 days
late with their mortgage payment.
Homeowners
with Fannie Mae-owned loans can visit knowyouroptions.com or call
Fannie Mae’s Mortgage Help Center at 866.442.8575 for information
and resources on foreclosure prevention options.
For
more information contact
Jerry
Gusman
The
Gusman Group
(888)
213-4208
jerryggroup@aol.com
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