Friday, December 18, 2009

FORECLOSURES SUSPENDED FOR THE HOLIDAYS!

Maruyama Realty, LLC, of Honolulu Hawaii, has just been informed by the National Association of Real Property Managers :

FORECLOSURES SUSPENDED FOR THE HOLIDAYS

Fannie Mae and Freddie Mac announced Thursday that they are temporarily suspending foreclosure evictions for about two weeks to give struggling borrowers a break during the holidays. The suspension will run from December 19th until January 3rd. Citigroup, Inc. also announced yesterday that they will suspend foreclosure evictions for 30 days which they estimate will affect about 4,000 borrowers.

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