Fannie Mae Announces Eviction Moratorium for the Holidays

Fannie Mae (FNMA/OTC) announced recently that it will issue an eviction moratorium for the holidays, as it has done in previous years. The company will suspend evictions of foreclosed single family and 2-4 unit properties from December 18, 2013 through and including January 3, 2014. For this period, legal and administrative proceedings for evictions may continue, but families living in foreclosed properties will be allowed to remain in the home.

“The holiday season is meant for quality time with family and we want to relieve anyone of the anxiety of leaving their home during this season,” said Terry Edwards, Chief Operating Officer for Fannie Mae. “We encourage any homeowner who is having difficulty making their mortgage payment to reach out for help right away. Fannie Mae will continue to help borrowers avoid foreclosure whenever possible.”

This year, Fannie Mae made it easier for a delinquent borrower to stay in their home when it introduced the Streamlined Modification, which is available once someone experiences a hardship that causes them to be 90 days late with their mortgage payment.

Homeowners with Fannie Mae-owned loans can visit www.knowyouroptions.com or call Fannie Mae’s Mortgage Help Center at 866-442-8575 for information and resources on foreclosure prevention options. To find out if Fannie Mae owns your loan, visit www.knowyouroptions.com/loanlookup.

Realtor University is offering some reduced-price certifications for the month of December. Check out this month’s deals here!

Copyright© 2013 RISMedia, The Leader in Real Estate Information Systems and Real Estate News. All Rights Reserved. This material may not be republished without permission from RISMedia.






Facebooktwittergoogle_plusredditpinterestlinkedinmail

One thought on “Fannie Mae Announces Eviction Moratorium for the Holidays

  1. Pingback: Eviction Gone Wrong - Carelinkwebpr

Leave a Reply