Holiday Reprieve

 

Holiday Reprieve

Freddie Mac announced recently that it will temporarily suspend all evictions during the holidays (from Dec. 20, 2010 to Jan. 3, 2011) involving foreclosed and occupied single family and 2-to-4-unit properties that had Freddie Mac mortgages.

An executive vice president at Freddie Mac announced “If the property is occupied, our foreclosure attorneys will suspend the eviction to provide a greater measure of certainty to families during the holidays.”

Freddie Mac was established by Congress in 1970 to provide stability and affordability to the nation’s residential mortgage markets. Freddie Mac supports communities across the nation by providing mortgage capital to lenders. Over the years, Freddie Mac has made home ownership possible for one in six homebuyers and more than five million renters.

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