HUD: Mortgagee Letter 2020-27: Extension of Foreclosure and Eviction Moratorium

HUD: Mortgagee Letter 2020-27: Extension of Foreclosure and Eviction Moratorium

Investor Update
August 27, 2020 

Source: HUD

Subject: Extension of Foreclosure and Eviction Moratorium in Connection with the Presidentially-Declared COVID-19 National Emergency

Purpose:  The purpose of this Mortgagee Letter (ML) is to inform mortgagees of an extension to the foreclosure and eviction moratorium originally issued in ML 2020-4, extended in ML 2020-13, and further extended in ML 2020-19 for borrowers with FHA-insured Single Family mortgages covered under the Coronavirus Aid, Relief, and Economic Security (CARES) Act for an additional period through December 31, 2020.

Effective Date: The extension of the moratorium announced in this ML is effective immediately upon the expiration of the moratorium announced in ML 2020-19 for all FHA-insured mortgages except for FHA-insured mortgages secured by vacant or abandoned properties.

For full letter, please click the source link above.