President Biden extends the foreclosure moratorium and mortgage forbearance through June but did not extend the eviction moratorium. In addition, these actions would offer six months of additional mortgage forbearance for those who enroll on or before June 30. When is the eviction moratorium set to expire? How long will this continue? How long will they keep extending the foreclosure moratorium? In this video, we discuss the foreclosure and eviction moratorium extension as well as the forbearance extension in more detail.
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The actions are an extension of an order that was originally enacted under the Trump administration in March of last year and would block home foreclosures and offer delayed mortgage payments until July.
How do you think the foreclosure moratorium extension will affect the housing market? How long do you believe they will continue to extend the eviction moratorium and how will this ultimately affect the housing market 2021?
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Jeb Smith (huntington beach Realtor/orange county real estate)
Coldwell Banker Realty
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