shape
shape
shape
shape
shape
shape
22 December 2020 / Larry R. Rothenberg

Foreclosure and Eviction Moratoriums on FHA-Insured Single-Family Mortgages Extended Through February 28, 2021

Topics: Real Estate

The U.S. Department of Housing and Urban Development issued its Mortgagee Letter 2020-43, announcing an extension through February 28, 2021, of its foreclosure and eviction moratorium in connection with the COVID-19 emergency, for borrowers with FHA-insured single-family mortgages covered under the Coronavirus Aid, Relief, and Economic Security (CARES) Act.  The most recent extension issued in early December had provided for a moratorium through “at least” January 31, 2021.  The new extension is the fifth extension on the original moratorium that became effective March 18, 2020.    
 
This moratorium applies to the initiation of new as well as pending foreclosures, but the moratorium does not apply to vacant or abandoned properties or mortgages.
 
Deadlines for the first legal action and reasonable diligence timelines on FHA-insured single-family mortgages, except for vacant or abandoned properties, are extended by 120 days from this moratorium’s expiration date.
 
For further information on navigating the ongoing foreclosure and eviction moratoriums or any other real estate matters, contact shareholder Larry Rothenberg
 
This blog is not a solicitation for business and it is not intended to constitute legal advice on specific matters, create an attorney-client relationship or be legally binding in any way.

Related News

Alerts / 12 April 2021

Landlord Considerations Regarding Lease Provisions

Lease terms are often subject to interpretation against the party drafting them. Given this, it is imperative that landlords are cautious in lease provisions to guard against defenses raised by tenants when obligations are not met.
Read More
Alerts / 8 April 2021

COVID-19 Bankruptcy Relief Extension Act Extends CARES Act Provisions

President Biden signed the COVID-19 Bankruptcy Relief Extension Act into law on March 27, 2021, previously passed overwhelmingly by Congress. The Act extends provisions of the Coronavirus Economic Stabilization Act of 2020 (CARES Act) through March 27, 2022.
Read More
Insights / 7 April 2021

A Look Back Analyzing 2020 Consumer Complaints and Litigation Statistics

As we enter the second quarter of 2021, let us look back at some of the consumer litigation trends of this past year and begin to analyze some of the data. These trends continue to affirm some long-standing trends found in cases involving the consumer litigation filings for the FDCPA, TCPA, and FCRA.
Read More

Join Our Email List

Get the latest articles and news delivered to your email inbox! 
Subscribe

Contact the Author

Larry R. Rothenberg

Shareholder
Contact

Join Our Email List