Foreclosure and Eviction Relief Extended for Home Loans

Name
Ernie Watson
Phone
City
Albuquerque, N.M.
Release Date
Jun 23, 2020

STAKEHOLDER ANNOUNCEMENT

USDA Extends Foreclosure and Eviction Relief on Single Family Housing Direct Loans

WASHINGTON, June 23, 2020 – U.S. Department of Agriculture (USDA) Deputy Under Secretary for Rural Development Bette Brand today announced USDA extended foreclosure and eviction moratorium for all Single Family Housing Direct Home Loans through Aug. 31, 2020.

The moratorium applies to:

  • Initiation of foreclosures or completion of foreclosures in process, excluding vacant and abandoned properties. 
  • Evictions of borrowers from properties bought with a USDA direct home loan.  

For more information on USDA Rural Development’s actions to support customers directly impacted by COVID-19 visit www.rd.usda.gov/coronavirus.

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