VA: Circular 26-21-14: Eviction Relief for Borrowers Affected by COVID-19

VA: Circular 26-21-14: Eviction Relief for Borrowers Affected by COVID-19

Investor Update
July 30, 2021

Source: VA

Additional Resource:

FHFA (Secretaries of USDA, HUD, VA, Treasury, and FHFA Acting Director Release Joint Statement on Agency Actions to Prevent Evictions)

1. Background and Purpose. Under Chapter 37 of Title 38, United States Code, and Executive Orders related to the COVID-19 national emergency, VA has taken numerous steps to help Veterans who are experiencing financial hardships, directly or indirectly, as a result of the COVID-19 pandemic. The purpose of this Circular is to extend eviction relief.

2. Moratorium on Eviction. Through September 30, 2021, foreclosure-related evictions are not to be initiated or completed on properties previously secured by VA-guaranteed loans (including properties in VA’s Real Estate Owned portfolio). This moratorium does not apply to vacant or abandoned properties.

3. Questions: Any questions regarding this Circular should be submitted via email to valerihelpdesk.vbaco@va.gov.

4. Rescission: This Circular is rescinded October 1, 2021.