The elephant in the room when it comes to Miami Beach homes and real estate in South Florida has been and continues to be the problem with foreclosures and subsequent evictions.  It's a problem nobody wants to have to deal with, especially not during the holiday season.  In a move similar to what many did last year, lenders have decided now is not the time either.

Major lenders like Bank of America, Freddie Mac and Fannie Mae have decided to take varying measures to halt foreclosure proceedings during the holiday season, something that should come as relief to people living in Miami Beach homes who may be in a tight situation.  In Fannie Mae's case, the moratorium doesn't extend to court proceedings involving foreclosures but the suspension should still come as a relief to many.

This “holiday halt” doesn't start until the 20th of this month but it's good to know struggling borrowers will still have a roof over their heads to spend the major upcoming holidays like Christmas and the New Year's 2011 festivities.