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Douglas Zeller's Blog

By Douglas Zeller | Broker in El Dorado County, CA

Fannie, Freddie suspend evictions for the holidays?

Fannie Mae and Freddie Mac announced they will suspend all evictions involving foreclosed occupied single family and 2-4 unit properties with mortgages owned by the GSEs from Dec. 19, 2011-Jan. 2, 2012.


The suspension will apply only to eviction lockouts related to Freddie Mac- and Fannie Mae-owned REO properties and will not affect other pre- or post-foreclosure processes.  During this period, legal and administrative proceedings for evictions may continue, but families living in foreclosed properties will be permitted to remain in the home.


More news or help from the Sierra Foothills, El Dorado, Placer, Amador or Sacramento Counties of California visit: www.sierraproperties.com or www.dougandbudzeller.com


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