Well, I hope you all had a pleasant Thanksgiving holiday with friends & family. Going forward, I came across the following good news this morning about foreclosures, evictions and lockouts during the holiday season.
Wells Fargo has suspended evictions from its foreclosed properties that it owns or services for other lenders from November 23 to the 25th, and again from December 19 to January 2, 2012.
JP Morgan Chase Bank said it won't complete foreclosure sales or evictions between December 22 and January 2, 2012, except for Fannie Mae & Freddie Mac loans. Fannie, in turn, said it will soon announce a suspension of evictions "for the holiday period", although they have yet to specify the exact dates for the suspension.
Bank of America issued a statement to the effect that on its own loans and those it services, unless the owning lender instructed otherwise, it has "a policy and procedures to avoid foreclosure sales or displacement of homeowners or tenants around the Thanksgiving and Christmas holidays." Exact specific of the 'policy and procedures' have not been announced, so if your loan is connected to BofA, you'll have to check with them directly.
Ally, parent of GMAC Mortgage, hasn't committed to any program and Citigroup and Freddie have not yet announced what, if any policy they will follow for the holidays.
Irrespective of who your lender is, the best advice is to contact them directly to see if they have such a policy in place, and how you can qualify under it. In fact, even if your lender has not announced this type of policy, contact them and see if they can make some accommodation for your holiday needs.
Good Luck.
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