No Foreclosures during the Holidays
Fannie Mae and Freddie Mac are freezing all foreclosure evictions on the mortgage loans they own or back from Dec. 20 through Jan. 3.
“If the property is occupied, our foreclosure attorneys will suspend the eviction to provide a greater measure of certainty to families during the holidays,” says Anthony Renzi, executive vice president of single family portfolio management at Freddie Mac.
Most of the large banks, including Bank of America, J.P. Morgan Chase, and Wells Fargo already observe a moratorium through the New Year, unless the foreclosure involves an investor who chooses not to observe the holiday policy.
Source: NAR
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About Us
Mike became an agent in 2004 with Coldwell Banker West Shell. In 2005 we partnered with Gary Rogers to provide high quality resale of foreclosed properties. We work with leading banks to get homes back in the hands of families after foreclosure. On 11/13/09, Mike joined REMAX Elite in Mason Ohio to take his real estate career to the next level. Mike’s back ground is Chemical Engineering and previous SUBWAY franchisee. Mike and his wife Barbara are the caretakers of two Birman cats, Siegfried and Andy.
Our goal is to help buyers purchase foreclosed properties, help homeowners facing foreclosure understand their options and provide high quality resale service to lenders to resell their foreclosed home inventory.
We also have a healthy client base of “regular” buyers and sellers that find our expertise valuable.
Contact us at: www.teamkieffer.com Cell – 513-309-0563 fax 513-297-0537
Our blog is to provide information to our friends and clients on real estate related issues. We attempt to give credit to authors that we reprint here. Team Kieffer, Michael and Barbara Kieffer and REMAX Elite assume no responsibility or liability for the accuracy or suitability of any of the information presented. You should always check with your financial or legal advisor to check suitability. Any postings written by Michael or Barbara Kieffer are our current opinions, subject to change without notice and subject to copyright.
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