scrooge takes a break on foreclosing and evictions in phoenix,Arizona

Yes you heard it here,  scrooge  takes a break from kicking good   normal  homeowners   out of there  homes for a month  ,to allow the Christmas cheer to ring in. So what about the  hangover,  come jan15th 2010 , when citigroup   bank   restarts the kick em out   fastrak again ,   think of  it,  they said  they  only have done 270    modifications,  out of 100,000  applications,  are these  clowns  on a Hawaiian cruise? are they  at the race track?, are they smoking some good s@#$. We need good, fair and reliable teams at these banks, and servicing centers,who can get there jobs done with some skill,  if i ever hear another story of   WE DO NOT HAVE  YOUR DOCUMENTS AND APPLICATIONS< AGAIN , after  refaxing 11 times?????????  who is running there businesses? HOWDY DOODIE/ Citigroup Inc. will suspend foreclosures and evictions for 30 days in a temporary break for about 4,000 borrowers during the holiday season.

The New York-based bank said Thursday the suspension will run from Friday through Jan. 17. It applies only to borrowers whose loans are owned by Citi. Borrowers who make payments to Citi but whose loans are owned by other investors are out of luck.

“We want our borrowers to have a much less stressful time, to spend their time with their families during the holidays as opposed to worrying about their homes,” Sanjiv Das, head of the company’s mortgage division, said in an interview.

The suspension means Citi will halt foreclosure sales and stop evicting homeowners from properties it has already seized. The company projects it will help 2,000 homeowners with scheduled foreclosure sales and another 2,000 that were due to receive foreclosure notices.

Das also said the company is working on “some long-term fundamental alternatives” to foreclosure, but declined to be specific. “We know that moratoriums are not permanent solutions,” he said.

 

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