OneWest Bank, FSB today announced it is temporarily suspending all foreclosure sales and evictions to assist borrowers over the holidays. The moratorium, which goes into effect Saturday December 19th, 2009, applies to all single family residential loans it services through its IndyMac Mortgages Services division, and will extend until January 4, 2010. The Bank will implement the moratorium for First Federal Bank of California borrowers as well.
The temporary suspension will allow affected borrowers to remain in their homes through the holidays and provide additional time to work with the Bank
Since the 1st is a holiday and the 2nd and 3rd are weekends I count 12 days of moratorium from today through the 31st. How very spiritable of them.
