HUD release 20-042: 60d Moratorium
placeHousing and Urban Development - Birmingham Field Office
950 22nd St North, Suite 900 Birmingham, AL 35203
place950 22nd St North, Suite 900 Birmingham, AL 35203
The End Result
This press release from the Federal level provides some important source information for you, as a mortgage owner, may need if given notice of a foreclosure or eviction
Why It Matters
Being an empowered and informed customer puts you in a better position to make decisions and respond to notice of a foreclosure or eviction. If you have an FHA-insured Title II Single Family forward or Home Equity Conversion (reverse) mortgages, you are entitled to relief from being foreclosured upon or evicted from the property in question.
How You Can Help
Please read the press release and confirm that the mortgage property that you may be concerned about qualifies for protection against foreclosure or eviction for up to 60days from 18 MARCH 2020
HUD Press Release: https://www.hud.gov/press/press_releases_media_advisories/HUD_No_20_042 Excerpt from HUD press release: "The guidance issued today applies to homeowners with FHA-insured Title II Single Family forward and Home Equity Conversion (reverse) mortgages, and directs mortgage servicers to: - Halt all new foreclosure actions and suspend all foreclosure actions currently in process; and - Cease all evictions of persons from FHA-insured single-family properties."
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