Saturday, November 26, 2011

Banks will hold off on some holiday foreclosures

Got an e-mail from Wells Fargo responding to my column this week suggesting that banks consider a moratorium on home foreclosure activities, at least during the holiday season.

"Wells Fargo is suspending eviction actions from Nov. 23 to Nov. 25, and again from Dec. 19 to Jan. 2, 2012. We will not physically evict or conduct lockouts on the foreclosed properties in our owned portfolio during these times," said a Wells Fargo spokeswoman.

Read the rest of the article at the San Francisco Chronicle

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