Freddie Mac Halts Eviction Lock-Outs Between December 17, 2012 and January 2, 2013

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Freddie Mac Halts Eviction Lock-Outs Between December 17, 2012 and January 2, 2013

Freddie Mac Halts Eviction Lock-Outs Between December 17, 2012 and January 2, 2013

MCLEAN, Va., Dec. 3, 2012 /PRNewswire/ Freddie Mac (OTC: FMCC) today announced it is suspending evictions nationwide between December 17, 2012 and January 2, 2013 on foreclosed occupied single family homes, and 2-4 unit properties, that had Freddie Mac mortgages. This is in addition to the previous announcement suspending evictions in eligible major disaster areas caused by Hurricane Sandy.

News Quote:

Attribute to Tracy Mooney, Senior Vice President of Servicing and REO at Freddie Mac. 

“We are instructing our foreclosure attorneys to suspend pending eviction lockouts on foreclosed homes in order to provide a greater measure of certainty to families during the holiday season.”

News Facts:

  • The two-week holiday suspension will only apply to eviction lockouts on Freddie Mac-owned REO homes and will not affect other pre- or post-foreclosure processes.
  • Although no evictions will take place, firms handling local evictions for Freddie Mac will continue to file documentation in preparation for evictions, scheduled after January 2, 2013.
  • Today’s announcement is separate from the 90-day eviction suspensions in eligible Hurricane Sandy disaster areas, which continue through February 2013.

Freddie Mac was established by Congress in 1970 to provide liquidity, stability and affordability to the nation’s residential mortgage markets. Freddie Mac supports communities across the nation by providing mortgage capital to lenders. Today Freddie Mac is making home possible for one in four homebuyers and is one of the largest sources of financing for multifamily housing. www.FreddieMac.com.

 

SOURCE Freddie Mac

For further information: Brad German, +1-703-903-2437

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2 Responses to “Freddie Mac Halts Eviction Lock-Outs Between December 17, 2012 and January 2, 2013”

  1. Marcie Jacobs says:

    Please sign my petition. Freddie Mac is stealing our property.

    Dear Friends,

    I just created the petition “Don’t Steal Our Home Freddie Mac” and wanted to ask if you could add your name too.

    This campaign means a lot to me and the more support we can get behind it, the better chance we have of succeeding. You can read more and sign the petition here:

    http://start2.occupyourhomes.org/petitions/don-t-steal-our-home-freddie-mac

    Thank you!

    Marcie

    P.S. Can you also take a moment to share the petition with others? It’s really easy – all you need to do is forward this email or share this link on Facebook or Twitter:

    http://start2.occupyourhomes.org/petitions/don-t-steal-our-home-freddie-mac

  2. Sarah says:

    Fraudie tries to pull this crap every holiday season, generally after their “Walk to help the Homeless” pr efforts. ‘Because of the holiday season we won’t throw people on the street via the Banksters.’
    Oh that’s so kind, slow the 1%’s debt hammer on countless victims.
    Let everyone understand the GSEs helped make quite a few people homeless, ripped them off to Bankruptcy, and they have allowed and assisted Banksters/wealthier taxpayers to slam the less wealthy out of their homes, with antisocial, illegal, thoroughly corrupt rationalisations. Pure evil, your name is Wall Street.

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