VA Extends Suspension on Certain Property Inspection Requirements for COVID-19 Forbearance Cases

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In consideration of the COVID-19 national emergency, VA issued Circular 26-20-21 which temporarily suspended certain property inspections on June 8, 2020.  The requirements to perform property inspections for loans before the 60th day of delinquency were temporarily suspended.  The temporary suspension “…only applies to borrowers whose loans are currently in forbearance and were current or had not yet reached the 60th day of delinquency when borrowers requested a CARES Act forbearance.” 

The temporary suspension provisions were extended to October 1, 2022 by VA Circular 26-21-27

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.

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