FHFA Extends Foreclosure and REO Eviction Moratoriums

FHFA Extends Foreclosure and REO Eviction Moratoriums Foreclosure moratorium applies to Enterprise-backed mortgages; eviction moratorium applies to Enterprise-owned properties FOR IMMEDIATE RELEASE 8/27/2020 ​​Washington, D.C. – Today, to help borrowers at risk of losing their home due to the coronavirus national emergency, the Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac [...]

2020-08-29T14:09:11-04:00August 29th, 2020||

Extension of Foreclosure and Eviction Moratorium in Connection with the Presidentially-Declared COVID-19 National Emergency

Date: August 27, 2020 Mortgagee Letter 2020-27 To: All FHA-Approved Mortgagees All Direct Endorsement Underwriters All Eligible Submission Sources for Condominium Project Approvals All FHA Roster Appraisers All FHA-Approved 203(k) Consultants All HUD-Approved Housing Counselors All HUD-Approved Nonprofit Organizations All Governmental Entity Participants All Real Estate Brokers All Closing Agents Subject Extension of Foreclosure and [...]

2020-08-29T14:04:49-04:00August 29th, 2020||

Extended Foreclosure Moratorium for Borrowers Affected by COVID-19

1. Background and Purpose. On March 27, 2020, the President signed into law the Coronavirus Aid, Relief, and Economic Security Act (the CARES Act), Public Law 116-136. The CARES Act protects borrowers with Federally backed mortgage loans who are experiencing financial hardship due to the COVID-19 national emergency. The purpose of this Circular is to [...]

2020-08-29T14:02:23-04:00August 29th, 2020||

Florida Foreclosure and Eviction Moratoriums

Quick Summary: In Florida, there is currently a moratorium in place regarding the filing and prosecution of mortgage foreclosure and residential eviction actions relating solely to non-payment of rent. As of the date of this memo, the current moratorium is set to expire at 12:01 a.m. on August 1, 2020. Governor Executive Order No. 20-94 [...]

2020-07-19T11:20:14-04:00July 19th, 2020||

Extension of Foreclosure and Eviction Moratorium in connection with the Presidentially-Declared COVID-19 National Emergency

Date: June 17, 2020 Mortgagee Letter 2020-19 To: All FHA-Approved Mortgagees All Direct Endorsement Underwriters All Eligible Submission Sources for Condominium Project Approvals All FHA Roster Appraisers All FHA-Approved 203(k) Consultants All HUD-Approved Housing Counselors All HUD-Approved Nonprofit Organizations All Governmental Entity Participants All Real Estate Brokers All Closing Agents Subject Extension of Foreclosure and [...]

2020-06-23T10:36:50-04:00June 23rd, 2020||

CARES Act Section 4024

H. R. 748—212 is 30 days after the date on which the borrower provides the tenant with a notice to vacate; and (2) may not issue a notice to vacate under paragraph (1) until after the expiration of the forbearance. (f) DEFINITIONS.—In this section: (1) APPLICABLE PROPERTY.—The term ‘‘applicable property’’, with respect to a Federally [...]

2020-06-23T10:35:05-04:00June 23rd, 2020||

EXECUTIVE ORDER NO. 142

May 30, 2020 EXECUTIVE ORDER NO. 142 ASSISTING NORTH CAROLINIANS BY PLACING TEMPORARY PROHIBITIONS ON EVICTIONS AND EXTENDING THE PROHIBITION ON UTILITY SHUT-OFFS WHEREAS , on March 10, 2020, the undersigned issued Executive Order No. 116 which declared a State of Emergency to coordinate the State's response and protecti ve actions to address the Coronavirus [...]

2020-06-23T10:30:57-04:00June 23rd, 2020||

SUPREME COURT OF GEORGIA SECOND ORDER EXTENDING DECLARATION OF JUDICIAL EMERGENCY

SECOND ORDER EXTENDING STATEWIDE JUDICIAL EMERGENCY On March 14, 2020, in response to the  COVID-19 pandemic, the Honorable Harold D. Melton, as the Chief Justice of the Supreme Court of Georgia, issued an Order Declaring Statewide Judicial Emergency pursuant to OCGA § 38-3-61. Due to the continuing statewide emergency, on April 6, 2020, the Order [...]

2020-05-13T11:15:48-04:00May 13th, 2020||
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