Your FREE ACTIVE REAL ESTATE FORECLOSURES AND HOMES FOR SALE IN BIRMINGHAM AL – 12/05/2011 list has been posted.
These are Single Family Homes ‘Active’ on the Birmingham MLS. These homes are ripe for the picking. DO NOT LET THEM PASS YOU BY…ACT NOW….BEFORE IT IS TOO LATE!!!
I hope you have an awesome day, packed with smiles while searching for your active Birmingham AL Real Estate Dream.
Happy holidays struggling homeowners! Fannie Mae, Freddie Mac and several large mortgage lenders have pledged not to foreclose on delinquent borrowers during the Christmas season. For homeowners with loans through Fannie Mae and Freddie Mac, the moratorium will run from Dec. 19 to Jan. 2. During this time, legal and administrative proceedings for evictions may continue, but families will be allowed to stay in their homes, Fannie said in a statement.
Among some of the major banks that offer mortgage loans, Chase Mortgage said it will not evict anyone between Dec. 22 and Jan. 2. Wells Fargo will also suspend evictions during that period, but will not shut down its eviction machinery entirely. The bank said it will observe the moratorium on foreclosed properties in its own portfolio but for loans it services for other lenders “foreclosure-related actions may still occur.”
Bank of America said that it would “avoid foreclosure sales or displacement of homeowners or tenants around the Thanksgiving and Christmas holidays.” However, that policy only applies to loans the bank itself owns. Like Wells Fargo, it will also honor the wishes of the owners of the loans it services, which could mean moving forward with certain foreclosures.
There could be a small handful of borrowers who might benefit permanently from the suspension. Sometimes, albeit very rarely, a Christmas miracle will occur where a borrower finds the cash to get current on their mortgage again and keep their home. For the overwhelming majority of borrowers in default, however, it’s a temporary reprieve, a symbolic gesture to help people out during the holidays,” Then, comes the New Year, everyone gets back to business, including mortgage lenders.
If you are affected by a Real Estate Foreclosure this holiday, I want to know about it personally. Please feel free to call me direct at (205) 422-7544 and I will direct you in the proper channels in which to receive help.