Fannie Mae announced that it will extend the suspension of foreclosure sales and eviction lockouts for borrowers impacted by Hurricane Sandy. The new 90-day extension applies to homeowners with properties or employment within the FEMA declared disaster area eligible for individual assistance. This follows an earlier 90-day suspension of foreclosure sales and evictions in the impacted areas.
"We know that many homeowners are still dealing with the devastation caused by Hurricane Sandy,” said Leslie Peeler, senior vice president, National Servicing Organization, Fannie Mae. “We continue to do our part to help impacted homeowners. This additional time will allow homeowners to continue to do what is necessary for their families to get back on their feet.”
In addition to the foreclosure sale and eviction moratorium, homeowners impacted by Hurricane Sandy may be eligible for forbearance, loan modifications or waived late payment charges. Any borrowers impacted by Hurricane Sandy should contact their servicer immediately to pursue assistance. In addition, homeowners can reach out to Fannie Mae through one of twelve Mortgage Help Centers located across the country. Contact information can be found at www.knowyouroptions.com or by calling 1-800-7FANNIE (1-800-732-6643).