Good news for homeowners facing foreclosure!!

Fannie Mae and Freddie Mac announced Monday that they will suspend all repossessions from Dec. 17  until Jan. 2, 2013.

"The holidays are a chance to be with loved ones, and we want to relieve some stress at this time of year," said Terry Edwards, Executive Vice President of Credit Portfolio Management, Fannie Mae.

Bank of America said it will also suspend foreclosure evictions both for loans it owns and for those it services for investors during the holiday. Still waiting for JPMorgan Chase, Wells Fargo and Citibank to announce their holiday intentions.

For more information on San Fernando Valley Foreclosures and Short Sales visit http://www.sanfernandovalleyshortsaleandforeclosure.com/