FHA Announces 60-day Moratorium on Foreclosures and Evictions Related to COVID-19

FHA issued Mortgagee Letter 2020-04, announcing a 60-day moratorium on foreclosures and evictions related to the Presidentially-declared COVID-19 national emergency. The moratorium suspends the initiation of all new foreclosure actions as well as all foreclosure actions currently in process. In addition, all evictions of persons from properties secured by FHA-insured single-family mortgages are suspended for 60 days. The moratorium on foreclosures and evictions is effective immediately.

For more information view:

https://www.hud.gov/sites/dfiles/SFH/documents/SFH_FHA_INFO_20-21.pdf

https://www.hud.gov/sites/dfiles/OCHCO/documents/20-04hsgml.pdf

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