Christmas Cheer in Foreclosure Land ?
The generosity of Fannie Mae, Freddie Mac, and Bank of America is astounding as they announce they will not seek foreclosure evictions or sales during the holiday season, from December 20th to January 3rd. [Sense the sarcasm?] Unfortunately, Citimortgage has not been so kind, as it apparently has befriended Mr. Scrooge during the holiday season. Citimortgage announced that although it stopped foreclosure notifications last year during the holidays, it will not do that in 2010.
Please be aware that Fannie Mae made it clear that the halt will not include court proceedings involving foreclosures; they just won’t evict families from their homes during the holiday season and cold, winter months. But rest assured, banks will be back at it come January 3rd, processing those foreclosure actions at record numbers.
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