HUD & FHFA Extend Foreclosure & Eviction Moratoriums Through August 31st
The U.S. Department of Housing & Urban Development (HUD) announced in mid-June that they were extending their moratorium on foreclosures and evictions through August 31, 2020. The foreclosure moratorium applies to homeowners with FHA-insured single-family mortgages.
“While the economic recovery is already underway, many American families still need more time and assistance to regain their financial footing,” said HUD Secretary Ben Carson. “Our foreclosure and eviction extension means that these families will not have to worry about losing their home as they work to recover from the financial impacts of COVID-19.”
Please note: this refers only to an extension of the prohibition against foreclosing upon, and subsequently evicting, homeowners who have HUD mortgages. It does not refer to tenants.
However, while this extension does not order an extension of CARES rental eviction moratorium, it is a sign that the federal government may extend the prohibition on landlord-tenant evictions through August 31, 2020 for CARES covered properties as well.