Just Listed brings you the latest news and information from the Twin Cities-area commercial and residential real estate market and beyond from veteran reporters Jim Buchta and Janet Moore.

Major banks halt evictions and foreclosure sales for the holidays

Posted by: Jim Buchta under Foreclosures Updated: December 6, 2012 - 5:13 PM

 

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 December 17 through January 2, and Wells Fargo will start halt such proceedings two days later. Wells 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.

 

ADVERTISEMENT

Connect with twitterConnect with facebookConnect with Google+Connect with PinterestConnect with PinterestConnect with RssfeedConnect with email newsletters

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT