While Bank of America, JPMorgan Chase & Citi are suspending foreclosures for the holidays, just like Fannie Mae and Freddie Mac, this is a nothing more than a sick joke on those in Texas.
Why? Quite simply it doesn’t help you one bit.
I will make a fearless promise…ready…no one in the State of Texas will be foreclosed upon from now until January 5th! I’m going to give everyone in Texas an extra day past their December 21, 2009 through January 3, 2009 moratorium. Look how easily I one upped these big banks.
How? No foreclosures can take place except on the first Tuesday of each month. So the next possible date is…drum roll…January 5th! I know it is a shocker but some of these big banks issue positive looking press releases and commitments even when the promises are hollow.
If you or someone you know is facing a foreclosure situation, don’t count on these guys giving you the extra time you need to get your ducks in a row. Act now!!
- The Bank Slayer
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