FHFA Extends their Foreclosure and Eviction Moratorium in addition to extending mortgage forbearance up to a total of 15 months! When is the foreclosure and eviction moratorium set to expire? How long will this last? 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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Articles Referenced in this video:
Quoted from the article “FHFA also announced that borrowers with a mortgage backed by Fannie Mae or Freddie Mac may be eligible for an additional forbearance extension of up to three months. Eligibility for the extension is limited to borrowers who are on a COVID-19 forbearance plan as of February 28, 2021, and other limits may apply. Further, COVID-19 Payment Deferral for borrowers with an Enterprise-backed mortgage can now cover up to 15 months of missed payments. COVID-19 Payment Deferral allows those borrowers to repay their missed payments at the time the home is sold, refinanced, or at mortgage maturity.”
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Jeb Smith (huntington beach Realtor/orange county real estate)
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Coldwell Banker Realty
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