The Department of Housing and Urban Development
(HUD) has extended the timeframe for several of the relief programs it put into
effect last spring through its Federal Housing Administration (FHA) to help lenders,
servicers, and homeowners cope with the COVID-19 crisis. FHA’s eviction and foreclosure moratoriums have been extended for
an additional two months, through February 28, 2021.
These moratoriums prohibit
servicers from initiating or proceeding with foreclosure and
foreclosure-related eviction actions for FHA-insured single family forward and
reverse mortgages, except for those secured by legally vacant and abandoned
properties. This is the fourth time these moratoriums have been extended.   

 

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