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God Bless 'Em Every One

By Steve Cook Real Estate Economy Watch   |   Dec. 19, 2009 at 1:10 PM   |   Comments

Unwilling to appear Scroogy a week before Christmas, Bank of America, JPMorgan Chase and OneWest Bank joined Citigroup, Fannie Mae and Freddie Mac in postponing foreclosure evictions through January 3.

No word yet from Wells Fargo, US Bancorp or PNC.

Not to be outdone, sheriff's departments throughout the Chicago area also caught the Christmas spirit and are halting evictions though the first of the yea.

Lake County Sheriff Mark Curran has ordered his civil process unit to suspend evictions until Jan 4. The moratorium temporarily halts 55 evictions that had been scheduled through the first few days of the new year.

Curran joins the sheriffs in Cook, Kane, Will and McHenry counties, who are postponing evictions for foreclosures or nonpayment of rent.

In Cook County, where deputies handle some 200 to 250 evictions a week, a court-ordered moratorium kicked in Monday and will last until Jan. 4. It's also in effect whenever the temperature dips below 15 degrees.

From Real Estate Economy Watch

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