Fannie Mae announced it will suspend evictions of foreclosed single-family properties for the holiday season. Eviction suspensions will start Dec. 19, 2016, and continue through Jan. 2, 2017, for single-family residences and 2-to 4-unit properties.

During this time the eviction administrative proceedings may continue, but families will be able to remain in their home through the specified date.

“We believe it is important to extend the timeline of help for struggling borrowers during the holidays,” said Joy Cianci, senior vice president of Single-family Special and Distressed Assets at Fannie Mae. “If you are in trouble or facing foreclosure, reach out to Fannie Mae or your servicer today to get help. Options are available to avoid foreclosure, and we want to help pursue those options whenever possible.”

Homeowners can contact Fannie Mae at 1-800-232-6643. To prevent foreclosure, homeowners can visit www.knowyouroptions.com for resources and information.

 

About Fannie Mae

Fannie Mae helps make the 30-year fixed-rate mortgage and affordable rental housing possible for millions of Americans. The agency collaborates with lenders to create housing opportunities for families across the country. Its aim is to drive positive changes in housing finance to make the homebuying process easier, while reducing costs and risk. To learn more, visit fanniemae.com and follow twitter.com/fanniemae.

Categories | Article | Single Family
  • Think Realty

    We believe in the positive, life-changing impact of real estate investing. Our mission is to help investors achieve their goals to build wealth, better manage time, and live a life full of purpose.

Related Posts

0 Comments

Submit a Comment