CARES ACT: Foreclosure mratoriums legislated by the CARES Act expired as of May 17, 2020.  However,  Fannie Mae, Freddie Mac,  FHA,  and VA have each issued additional directives extending the moratoriums until June 30, 2020, excluding Vacant and Abandoned Properties.  Access our complete Coronavirus Response blog, #PadgettPrepared, for more pandemic-response information. 

Fannie Mae: 
FNMA has extended the suspension of foreclosure-related activities through June 30, 2020.  “During the period of the extension, servicers may not, except with respect to a vacant or abandoned property, initiate any judicial or non-judicial foreclosure process, move for a foreclosure judgment or order of sale, or execute a foreclosure sale.  This suspension does not apply to mortgage loans secured by properties that have been determined to be vacant or abandoned.” 

Freddie Mac:                                 
Freddie Mac has extended the suspension of foreclosure-related activities through June 30, 2020.  “During the period of the extension, servicers may not, except with respect to a vacant or abandoned property, initiate any judicial or non-judicial foreclosure process, move for a foreclosure judgment or order of sale, or execute a foreclosure sale.  This suspension does not apply to mortgage loans secured by properties that have been determined to be vacant or abandoned.”

FHA/HUD:
HUD has placed a moratorium on occupied FHA mortgages through June 30, 2020, which applies to the “initiation of foreclosures and to foreclosures in process”.  The moratorium does not apply to vacant and abandoned properties. 

VA:
VA has placed a moratorium on occupied FHA mortgages through June 30, 2020, which applies to the “initiation of foreclosures and to the completion of foreclosures in process”.  The moratorium does not apply to vacant and abandoned properties. 

USDA: 
Moratorium extended to June 30, 2020.  Does not apply to vacant and abandoned properties. Read more here.