The Federal Housing Administration (FHA) published Mortgagee Letter (ML) 2020-27, “Extension of Foreclosure and Eviction Moratorium in Connection with the Presidentially-Declared COVID-19 National Emergency,” which announces a third extension of the foreclosure and eviction moratorium through December 31, 2020.

This moratorium extension is effective immediately upon the expiration of the existing moratorium announced in ML 2020-19. This guidance is applicable to all FHA Title II single family forward mortgage and Home Equity Conversion Mortgage (HECM) reverse mortgage programs, except for those secured by vacant and/or abandoned properties.

Read the HUD Press Release.

Get Help Now Before It’s Too Late

Whether COVID-19 is responsible for your financial situation or not, Trellis is here to help. Through education that includes personal financial coaching and free financial literacy classes, the knowledgeable and caring counselors at Trellis have helped many individuals and families create working budgets. They also assist in foreclosure avoidance and rent/mortgage forbearance.

Trellis also builds and renovates affordable housing properties. We can find you a home that will fit both your budget and lifestyle.

Lastly, Trellis has a mortgage lending department with a wide array of loan options and down payment assistance and first-time home buyer programs.

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