Mortgage servicers may initiate or continue foreclosures in accordance with FHA requirements once the Single Family foreclosure moratorium expires as planned on July 31, 2021, but may not evict a foreclosed borrower or other occupant.
How long is foreclosure moratorium?
The Federal Housing Administration (FHA) today announced an extension of its moratorium on evictions for foreclosed borrowers and their occupants through September 30 and noted the expiration of the foreclosure moratorium on July 31, 2021.
What will happen when foreclosure moratorium ends?
What happens now that the foreclosure moratorium has ended? Lenders can proceed with foreclosures, especially for borrowers who have abandoned their properties or haven't responded to outreach from their mortgage servicers.