The U.S. Department of Agriculture (USDA) Rural Development is extending its foreclosure and eviction moratorium for all Single Family Housing direct and guaranteed home loan through December 31, 2020, to help rural homeowners affected by the COVID-19 pandemic.
The moratorium prohibits:
- The initiation of foreclosures or completion of foreclosures already in process, excluding on vacant and abandoned properties.
- Evictions of homeowners from properties bought with a USDA direct or guaranteed home loan.
Loan servicers seeking to assist USDA guaranteed loan borrowers may also pursue any of the relief options referenced in Chapter 18 of the Technical Assistance Handbook-1-3555.
Questions regarding guaranteed home loan policy and this announcement may be directed to the National Office Division at firstname.lastname@example.org or (202) 720-1452.
For more information on USDA Rural Development's actions to support customers impacted by COVID-19, visit www.rd.usda.gov/coronavirus.