Banks to Halt Foreclosures in December; Lump of Coal for January?

December 22, 2009

Daily Real Estate Updates

sudler-sothebys-logo22 December 2009 ? A few banks have decided to give out Christmas presents to those that are facing foreclosure. Citibank, Bank of America, Chase and even Fannie Mae and Freddie Mac have decided not to foreclose on homes for the month of December. This is just a small Christmas present, because clearly, they will start up where they left off come January 2010. Happy Holidays home owners!

Email This Post To a Friend. Email This Post To a Friend.

About Katie Anderson

Katie Anderson is a respected and successful broker at Sudler Sotheby's Realty as well as a certified appraiser. She specializes in representing clients who purchase and sell condominiums, town homes, single-family homes and income property in the Chicago land area. In her small amount time in the real estate game (she became an agent in 2003) she has assisted in excess of 400 deals and over $200 million in sales and continues to use her skills as a certified appraiser. Katie resides in Chicago's Bucktown neighborhood with her loving husband and 4-year-old-daughter, where she spends much of her spare time with her family and friends. You can contact her at or at

View all posts by Katie Anderson


  1. Fannie and Freddie Receive a Blank Check; Fed Will End Mortgage Backed Securities in March 2010 | The Chicago 77 - December 29, 2009

    […] 2010. If you have buyers on the fence, I would urge them to purchase before interest rates take a major hike next Spring. Share and […]