The Real Deal Miami

Governor Crist considering foreclosure moratorium

November 25, 2008 09:51AM

Governor Charlie Crist announced yesterday that he is
considering a holiday season moratorium on Florida foreclosures. It is unclear
whether Crist could declare a moratorium with an executive order or whether
legislative approval would be needed. On a national level, Fannie Mae and
Freddie Mac have suspended foreclosures between tomorrow, November 26, and January 9. The
California legislature is currently considering a similar move.