Silicon Valley Realty
Silicon Valley Realty Team
408-831-3897408-831-3897

Evictions on Hold for the Holidays

DAILY REAL ESTATE NEWS | FRIDAY, DECEMBER 13, 2013

Freddie Mac and Fannie Mae announced a holiday moratorium on all foreclosed single-family homes that the mortgage giants own or guarantee, suspending all evictions between Dec. 18 and Jan. 3. Processing of the evictions will continue during this period, but families living in foreclosed homes will be able to stay in their homes.

“At this time of year we want to bring some relief to families who confronted financial difficulties and went through foreclosures,” says Chris Bowden, senior vice president of REO at Freddie Mac. “We also want to remind home owners going into the New Year facing financial challenges to reach out for help as soon as they can by calling their mortgage servicer.”

Freddie Mac and Fannie Mae are also issuing a holiday moratorium on foreclosed 2-4 unit properties.

While the mortgage giants will be putting evictions on a two-week holiday hold, they will continue to proceed on other pre- or post-foreclosure activities.

The mortgage giants have issued eviction moratoriums during the holidays in the past as well.

–REALTOR(R) Magazine Daily News

  •  

    Picture of Silicon Valley Realty Team

    Silicon Valley Realty Team

    Managing Broker

    CA BRE# 00768704

    svrealtyteam@gmail.com

    408-831-3897408-831-3897 main

    (408) 505 - 9302(408) 505 - 9302 mobile

    Silicon Valley Realty

    3028 Scott Blvd, Unit A, Santa Clara, CA 95054

  • Latest Real Estate

  • Reviews

    5siddhartha2k5

    Shan helped me buy my first home. Shan is a true epitome of how professionalism is all about. If there was an ideal real estate agent, that would be him. He is extremely responsive to phone calls/emails, is always there for you in any circumstances to show... (more)

    5jpherit7

    I can recommend Shan Saigal highly and without reservation. He handled my house sale professionally and thoroughly. He was always respectful of my needs and judgement on the listing and successful as-is sale of a house in Santa Clara that was in need of... (more)

    Review Silicon Valley Realty Team on Zillow.com