CnnMoney.com reported today that Citigroup announced that they will suspend foreclosures and evictions for 30 days, giving 4,000 at risk borrowers a break during the holiday season.
Citigroup said Thursday that distressed homeowners with first mortgages owned by CitiMortgage or CityFinancial North America will not be subject to foreclosure sales or notifications from December 18 and January 17.
"We hope that with this suspension we can make the holidays a little less stressful for our customers who are going through a very difficult time," said Sanjiv Das, chief executive of CitiMortgage, in a statement.
All banks should be doing this. Not only for homeowners, but credit card holders or auto owners struggling to make their payments. Isn't what this season is about, giving and forgiveness?
1 comment:
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