Freddie Mac has announced a nationwide suspension of eviction lock-outs between December 18, 2015, and January 3, 2016. The moratorium applies to all foreclosed occupied single family homes and 2-4 unit properties that had Freddie Mac owned-or guaranteed mortgages.
“Today’s announcement is intended to provide a greater measure of certainty to families during the upcoming holiday season,” said Chris Bowden, Senior Vice President of REO at Freddie Mac. “We also strongly urge homeowners who are facing financial challenges and possible foreclosures to explore Freddie Mac’s workout options with their mortgage servicers. They do help and have prevented more than 1.1 million foreclosures since 2009.”
The holiday suspension will apply to eviction lockouts on Freddie Mac-owned REO homes but will not affect other pre- or post-foreclosure activities. Companies managing local evictions for Freddie Mac may continue to file documentation as needed during the suspension period.
Freddie Mac has helped more than 1.1 million financially troubled borrowers avoid foreclosure. For more information on Freddie Mac mortgage relief, visit My Home by Freddie Mac(SM).
