Fannie Mae and Freddie Mac suspend foreclosure evictions during holidays

foreclosures

foreclosuresFannie Mae and Freddie Mac will suspend evictions of foreclosed single-family properties during the holidays from Dec. 17, 2014 though Jan. 2, 2015.

Families living in foreclosed properties will be allowed to remain in the home, although legal and administrative proceedings for evictions may continue.

“As in previous years, we believe it is important to extend the timeline of help for struggling borrowers during the holidays,” said Joy Cianci, senior vice president of credit portfolio management for Fannie Mae. “If you are in trouble or facing foreclosure, reach out to Fannie Mae or your servicer today to get help. There are more options than ever before to avoid foreclosure. We want to help struggling borrowers whenever possible.”

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