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Greenspoon Marder Financial Services Update – Government Agencies Extend Foreclosure And Eviction Moratorium Through August 31, 2020

June 17, 2020

On June 17, 2020 HUD issued Mortgage Letter 2020-19 which extends the previously extended Foreclosure and Eviction Moratorium through August 31st, 2020 with the exception being vacant or abandoned properties. The FHFA announced Fannie Mae and Freddie Mac will extend their Foreclosure and Eviction moratorium through August 31, 2020 as well.

The previous moratorium was set to expire on June 30, 2020. The HUD moratorium does to apply HECM (Reverse Mortgages).

The guidance provides the moratorium applies to Initiation of Foreclosures and to Foreclosures in process.

Please contact Greenspoon Marder’s Financial Services team with any questions on the application of the extended Foreclosure and Eviction Moratorium as well as the interplay of the Extended Moratorium with State Specific Executive Orders.

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About Greenspoon Marder

Greenspoon Marder LLP is a full-service law firm with over 215 attorneys and more than 20 office locations across the United States. With operations from Miami to New York and from Denver to Los Angeles, our firm attracts some of the nation’s top talent in key markets and innovation hubs. Our core practice areas include Real Estate, Litigation, and Transactional Services, complemented by the capabilities of a full-service firm. Greenspoon Marder has maintained a spot on The American Lawyer’s Am Law 200 as one of the top law firms in the U.S. since 2015, and our goal is to provide exceptional client service by developing a thorough understanding of each client’s business needs and objectives in order to provide strategic, cost-effective solutions.

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