VA Issues Foreclosure Moratorium for Borrowers Affected by COVID-19

VA issued Circular 26-20-8: Foreclosure Moratorium for Borrowers Affected by COVID-19 (Circular). The Circular strongly encourages loan holders to establish a 60-day moratorium on completing pending foreclosures and initiating new foreclosures for borrowers affected or potentially affected by COVID-19. The Circular strongly encourages loan holders to establish a foreclosure moratorium beginning March 18, 2020.

For more information, view:

https://www.benefits.va.gov/HOMELOANS/documents/circulars/26_20_8.pdf