Foreclosures put on hold from December 19th till January 2nd

Fannie Mae and Freddie Mac announced temporary foreclosure moratoriums on all single-family homes and two-to-four unit properties over the holidays.

Both companies will enforce the moratorium from December 19 through January 2.

“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, EVP of credit portfolio management at Fannie Mae.

“No family should have to give up their home during this holiday season,” he said.

The moratorium will not affect the pre- or post-foreclosure processes, the GSEs said in their announcements.



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