FHA Extends Foreclosure Moratoriums and other COVID-19 Related Policies

Weiner Brodsky Kider PC
Contact

Weiner Brodsky Kider PC

FHA recently extended several temporary provisions and policy waivers to help mitigate the impacts of the COVID-19 pandemic on FHA-insured borrowers.  These extensions include, among other items:

  • the extension of the foreclosure and eviction moratorium on foreclosures of properties secured by FHA-insured single-family mortgage loans (except for vacant or abandoned properties) through February 28, 2021;
  • the extension of the approval date for initial COVID-19 related forbearance requests or Home Equity Conversion Mortgage extension through February 28, 2021;
  • the extension of the temporary provisions for endorsement processes for mortgages in which a borrower has been granted a COVID-19 related forbearance through March 31, 2021; and
  • the extension of the exterior-only appraisal inspection first described in Mortgagee Letter 2020-37 through February 28, 2021.

For more information, see WBK’s prior articles on the foreclosure and eviction moratorium, approval date for initial forbearance requests, and loan endorsements under COVID-19 forbearance.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Weiner Brodsky Kider PC | Attorney Advertising

Written by:

Weiner Brodsky Kider PC
Contact
more
less

Weiner Brodsky Kider PC on:

Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
Custom Email Digest
- hide
- hide

This website uses cookies to improve user experience, track anonymous site usage, store authorization tokens and permit sharing on social media networks. By continuing to browse this website you accept the use of cookies. Click here to read more about how we use cookies.