Fannie Mae is one of a few banks who have decided to put a moratorium on evicting those facing foreclosure from December 19, 2011-January 2, 2012.
Executive Vice President, Terry Edwards, was quoted in a CNNMoney article stating that “No family should have to give up their home during this holiday season.”
Others also putting evictions on hold are Freddie Mac, Chase Mortgage, and Wells Fargo. Dates for each bank may be different, and only applies to those they actually own, not just service. If they service loans for other banks or companies, they have to follow the wishes and rules of those companies.
If you are facing foreclosure in Baltimore, please contact me. You may have other options available to you!