Fannie, Freddie to hold off on evictions during the holidays

by Francis Monfort13 Dec 2017

Fannie Mae said the suspension will apply to single-family and two- to four-unit properties. Families will be allowed to remain in their homes during the period. However, legal and administrative proceedings for evictions may continue.

Meanwhile, Freddie Mac said the moratorium applies to all foreclosed, occupied homes. The holiday suspension will apply to eviction lockouts on Freddie Mac real estate-owned homes but will not affect other pre- or post-foreclosure activities. Freddie Mac also confirmed that it has suspended all foreclosure sales in eligible disaster areas impacted by hurricanes Harvey, Irma, and Maria. Read more

 

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