Harvey Realty, Inc.

Lenders Halt Foreclosures
February 21st, 2009 7:41 PM

Per California Association of Realtors:

“Lenders declare foreclosure halt

Fannie Mae, Freddie Mac, JPMorgan Chase & Co., Morgan Stanley, and Bank of America Corp. announced they are halting foreclosures through March 6, while President Obama works out the details of his housing plan. Citigroup said it will halt foreclosures until the administration has completed the details of the program or March 12, whichever is earlier.


The banks are suspending foreclosures on owner-occupied homes; Fannie Mae is suspending foreclosure sales and evictions for occupied properties; and Freddie Mac is suspending foreclosure sales and evictions on properties with up to four units.”


Posted by Kevin Harvey on February 21st, 2009 7:41 PMPost a Comment (0)

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