The U.S. Department of Veterans Affairs (VA) extended the eviction and foreclosure moratorium for properties secured by VA guaranteed loans from December 31, 2020, to February 28, 2021. The moratorium does not apply to vacant or abandoned properties. The VA made the change through Circular 26-20-40 on December 28, 2020.
As previously reported, the Fannie Mae and Freddie Mac foreclosure and eviction moratoriums for single-family loans were extended to January 31, 2021, and the U.S. Department of Housing and Urban Development (HUD) foreclosure and eviction moratorium for FHA insured single-family loans was extended to February 28, 2021.
Copyright © 2020 by Ballard Spahr LLP.
www.ballardspahr.com
(No claim to original U.S. government material.)
All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, including electronic, mechanical, photocopying, recording, or otherwise, without prior written permission of the author and publisher.
This alert is a periodic publication of Ballard Spahr LLP and is intended to notify recipients of new developments in the law. It should not be construed as legal advice or legal opinion on any specific facts or circumstances. The contents are intended for general informational purposes only, and you are urged to consult your own attorney concerning your situation and specific legal questions you have.