Piggs, it looks like “Happy Holidays” (albeit temporary) to borrowers who have a Notice of Sale pending or whose properties are sold or taken back in a December trustees sale!
Fannie Mae, Freddie Mac, and other mortgage providers have a Christmas present for struggling homeowners: They won’t get thrown out of their houses homes during the holiday season.
Fannie Mae and Freddie Mac will not foreclose on any homeowners between December 19 and January 2, according to statements on their web sites. Private mortgage providers, such as JPMorgan Chase, Wells Fargo, and Bank of America, also said they plan to suspend their evictions during the holidays, according to CNNMoney….
So you are implying that Jews run the financial industry?
We have another thread for that topic…
(It’s a joke!)
These eviction moratoriums sound like a wonderful idea. I wonder if anyone has figured the carrying cost of delaying foreclosure on thousands of properties.
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