The Department of Housing and Urban Development recently announced that the Federal Housing Administration is granting a two-month extension of its foreclosure and eviction moratorium and initial forbearance requests through February 28, 2021.
The moratorium is for single-family home borrowers with FHA-insured mortgages to request an initial Covid-19 forbearance from their mortgage servicer to defer or reduce their mortgage payments for up to six months. This can be extended for an additional six months. Borrowers needing assistance must contact their servicers by the end of February.
HUD Secretary Ben Carson said the foreclosure moratorium and forbearance extensions ensure homeowners will continue to have the critical relief and support they need to regain financial stability.
To continue reading please go to source article:
https://www.forbes.com/sites/brendarichardson/2020/12/23/fha-extends-foreclosure-and-eviction-relief-for-homeowners/?sh=40eafacb5c7a
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