Greenspoon Marder Financial Services Update – Government Agencies Extend Foreclosure And Eviction Moratorium Through December 31, 2020
Aug 28, 2020
Fort Lauderdale, FL
On August 27, 2020 HUD issued
Mortgate Letter 2020-27 which extends the previously extended Foreclosure and Eviction Moratorium through December 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 December 31, 2020 as well.
The previous moratorium was set to expire on August 31, 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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