Holiday relief under moratorium on Evictions

Fannie Mae and Freddie Mac announced today a moratorium on evictions for single-family foreclosed homes for the holiday season.

The GSEs will not be enforcing evictions from December 17, 2014, until January 2, 2015, for single-family homes that have been foreclosed on, meaning that families living in those homes will be able to continue to live there during that two-week period.

Freddie Mac’s suspension of evictions will apply not just to foreclosed occupied single-family homes, but to 2-4 unit properties that have Freddie Mac owned or guaranteed mortgages, according to the today’s announcement.

This announcement will bring some holiday relief to borrowers who went through foreclosure and were preparing to move.

However, there are more things than can be done to improve the life of families that have faced foreclosure.  Let’s help these families to keep Alive the Dream of Homeownership.  Yes! It is possible. 

 

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