In a recent announcement, Fannie Mae and Freddie Mac have decided that they will suspend all evictions during the holiday season especially from December 19, 2011 to January 2, 2012. It has been also announced that if the property is occupied, the foreclosure attorneys will suspend the eviction for the time being so that the homeowners will be able to spend their holiday season in a better manner. However, it remains a fact that this decision won’t change the pre or post foreclosure processes.
After January 2, 2012, the normal course of action will start off and both the mortgage giants will redeem the foreclosure process. The homeowners will start receiving the eviction notices in order to move out of their property.
This announcement emphasizes on the fact that both Fannie Mae and Freddie Mac are committed to help the borrowers avoid whenever possible. They reach out to help the borrowers in every possible way so that the borrowers are able to save their property.