ARTICLE
25 January 2021

HUD Extends Foreclosure And Eviction Moratoriums

BS
Ballard Spahr LLP
Contributor
Ballard Spahr LLP
In Mortgagee Letter 2020-43, dated January 21, 2021, the U.S. Department of Housing and Urban Development (HUD) extended the foreclosure and eviction moratoriums for FHA insured single-family loans from February 28, 2021 to March 31, 2021.
United States Finance and Banking
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In Mortgagee Letter 2020-43, dated January 21, 2021, the U.S. Department of Housing and Urban Development (HUD) extended the foreclosure and eviction moratoriums for FHA insured single-family loans from February 28, 2021 to March 31, 2021. The FHA moratoriums apply to all FHA Title II single-family forward and Home Equity Conversion (reverse) mortgage loans, except for FHA loans secured by vacant or abandoned properties. Deadlines for the first legal action and reasonable diligence timelines are extended by 120 days from the date of expiration of the foreclosure moratorium.

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ARTICLE
25 January 2021

HUD Extends Foreclosure And Eviction Moratoriums

United States Finance and Banking
Contributor
Ballard Spahr LLP
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