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Holiday moratorium on foreclosures

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U.S. Bank and Wells Fargo are among several national banks that will implement a holiday moratorium on foreclosure sales, according to American Banker.

For U.S. Bank, the moratorium will last from Dec. 17 through Jan. 2. Wells Fargo will begin its moratorium Dec. 19. Wells Fargo and U.S. Bank will suspend evictions and foreclosure sales on loans owned by the banks nationwide.

Fannie Mae and Freddie Mac took similar actions. Fannie said that from Dec. 19 through Jan. 2 it will halt evictions from single-family homes and two- to four-unit properties that have been foreclosed on, although foreclosure proceedings may continue. Freddie will honor a moratorium from Dec. 17 to Jan. 2.

“We’re taking this step in support of families who have faced financial challenges and gone through a foreclosure,” Terry Edwards, executive vice president of credit portfolio management for Fannie Mae, told American Banker. “The holidays are a chance to be with loved ones, and we want to relieve some stress at this time of year. We encourage homeowners having difficulty to reach out for help as soon as possible.”

Source: StarTribune/business http://www.startribune.com/business/183408411.html?refer=y

Inviting all ghouls & goblins to our open house on Sunday, October 21!

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This exquisite home is nestled in Greer Ranch & is sure to make your peepers pop!!! There’s a grand entrance at the family room, it boasts soaring ceilings, tile walk ways, upgraded fixtures and tile in all the right places. There’s a large kitchen with gas stove, granite counter tops, upgraded cabinets, and a formal dining area with bay window open to the living room. The upstairs offers 4 bedrooms and three additional lofts, perfect for home office, exercise room and play area. The beautiful backyard has a scene that’s a scream! It has a sparkling pebble tech pool, and extended patio, and so much more. Even the most squeamish will love this home! It would be a grave mistake to miss our open house. We’ll have a spell-binding selection of tricks or treats from 12:00 to 4:00 on Sunday, October 21st. It will be frightfully fun! Go to www.CannyTeam.com for more information. The address is 15826 W. Mercer Ln., Surprise, AZ 85379.

An unbeatable value you’ll love to sink your teeth into!