On December 1st Fannie Mae announced it would begin a “Foreclosure Holiday” from December 19, 2011, to January 2nd 2012.
STOP foreclosures and evictions!
Like some other big banks, Fannie Mae plans to give a short reprieve to those in danger of being evicted over the holidays. Unfortunately for one Ohio family, scheduled to be evicted Thursday December 15th, that 2 business day gap, means Christine Cart, her Husband, and their two sons, will be forcibly removed ( and likely arrested) from their home by the sheriff, and will have to find some type of shelter or accommodation over the weekend, when temperatures in the Orwell, Ashtabula cty. are likely to be in the 30s. (God help her if it snows)
Did you catch that?
Simply postponing the eviction until Monday would stay the eviction long enough to qualify for the Fannie Mae eviction moratorium. Keeping the family of four in their home, safe, with running water and heat, through the Holidays, and one of the coldest months in Ohio.
I’ve quoted (in full) the press release I was able to find after first reading this Ben Fox Rubin article in the WSJ.
While reading the release from Fannie Mae regarding the eviction holiday, I was particularly moved by the quotes from Terry Edwards, the Executive Vice President of Credit Portfolio Management, Fannie Mae. So I bolded them (emboldened them?) for emphasis and easy reading
December 01, 2011
Fannie Mae Announces Eviction Moratorium for the Holidays
WASHINGTON, DC – Fannie Mae (FNMA/OTC) announced today that it will suspend evictions of foreclosed single family and 2-4 unit properties from December 19th, 2011 through January 2nd, 2012. During this period, legal and administrative proceedings for evictions may continue, but families living in foreclosed properties will be permitted to remain in the home.
“The holidays are meant for families to spend time together, especially if they’ve gone through the stress of financial challenges and foreclosure,” said Terry Edwards, Executive Vice President of Credit Portfolio Management, Fannie Mae. “No family should have to give up their home during this holiday season. Fannie Mae is committed to helping borrowers avoid foreclosure whenever possible and we encourage any homeowner who is having difficulty making their payment to reach out for help.”
Homeowners with Fannie Mae-backed loans can call 1-800-7FANNIE or visitwww.knowyouroptions.com for information and resources on foreclosure prevention options, including contact information for the Fannie Mae Mortgage Help Center or a HUD-approved counseling agency in their area.
Fannie Mae exists to expand affordable housing and bring global capital to local communities in order to serve the U.S. housing market. Fannie Mae has a federal charter and operates in America’s secondary mortgage market to enhance the liquidity of the mortgage market by providing funds to mortgage bankers and other lenders so that they may lend to home buyers. Our job is to help those who house America.
Follow us on Twitter: http://twitter.com/FannieMae
Even if you can’t attend an Occupy rally, or visit the Cart’s home, you can still make a difference and take action. The following quote is from an Occupy Youngstown FB page.
Call the Ashtabula Sheriff’s department express your concern that a crime is about to be committed. The Cart family — Christina, Steve, and their sons — are about to be evicted from their home and neither Fannie Mae nor Aurora Loan Services has produced the note proving their ownership of the home. The writ of possession/eviction is scheduled for Thursday December 15, 2011 at 10:00 am.
Here are the numbers:
Ashtabula County Sheriff Department civil division: (440) 437-2187
non-emergency number: (440) 576-0055
Address of the Cart’s home:
7234 State Route 45
Orwell, Ohio 44076
ANOTHER WAY TO HELP, compose a letter asking Judge Ronald Vettel to suspend any eviction action until Monday, which will put it within the holiday eviction moratorium buying us time until after the new year. Please FAX your letter to the contact info below. If you don’t have a fax machine, you can use the free web to fax service, http://faxzero.com/. Also, email your letter to his bailiff (see below). Remember, be respectful but firm.
Fax your letter to 440-576-3677:
Judge Ronald Vettel
Ashtabula County Court of Common Pleas
25 West Jefferson Street
Jefferson, OH 44047
Also send an email to:
Bailiff Sharon Huey
They’ve reached out to the Judge, Fannie Mae, Occupy Cleveland and Youngstown….Now they are reaching out to the people….Please help by taking a minute to call, fax, or email!
A family is depending on US!