FHFA and HUD just released an extension to the foreclosure and eviction moratorium for the third time. What does this mean for homeowners who could potentially be foreclosed upon or tenants on the verge of being evicted? In this video, we review the press releases from the Federal Finance Housing Agency, Housing of Urban Development and also discuss the COVID-19 Tenant Relief Act.
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Articles referenced in this video:
FHFA Extends Foreclosure and REO Eviction Moratoriums – https://www.fhfa.gov/Media/PublicAffairs/Pages/FHFA-Extends-Foreclosure-and-REO-Eviction-Moratoriums.aspx
FHA EXTENDS FORECLOSURE AND EVICTION MORATORIUM FOR HOMEOWNERS THROUGH YEAR END –https://www.hud.gov/press/press_releases_media_advisories/HUD_No_20_134
COVID-19 Tenant Relief Act –
I hope this housing market update provides you with insight on foreclosure and eviction and what you should do if you need if you are behind on your payments and haven’t filed for mortgage forbearance.
Please let me know your thoughts below: what are your predictions for the housing market 2020 forecast and the housing market 2020 california? Do you believe there is a foreclosure wave coming after the moratorium ends? After watching this video, do you believe there is a real estate bubble or a housing market crash 2020 coming?
Jeb Smith (Huntington Beach Realtor/orange county real estate)
Coldwell Banker Realty
I N S T A G R A M ➳ https://www.instagram.com/jebsmith
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