EXECUTIVE ORDER EXTENDS EVICTION AND FORECLOSURE MORATORIUM TO MARCH 31, 2021

Tampa, FL –   On January 20, 2021 and pursuant to President Biden’s executive order, the Centers for Disease Control and Prevention (CDC) extended the current residential eviction moratorium to at least March 13, 2021.[1] The executive order also extends the foreclosure moratorium on government-backed mortgages, including those by U.S. Department of Agriculture (USDA), Veterans Affairs Department (VA), and U.S. Department of Housing and Urban Development (HUD). 

Just prior to the executive order, on January 19, 2021, the Federal Housing Financing

Agency (FHFA) announced that Fannie Mae and Freddie Mac will extend the moratoriums on single-family foreclosures and real estate owned evictions until February 28, 2021, an extension from moratoriums previously set to expire on January 31, 2020.[2]   Fannie Mae issued a Lender Letter dated January 20, 2021, extending the suspension of foreclosure-related activities and giving updated guidance to single-family servicers.  Similarly, on January 20, 2021, Freddie Mac issued a Guide Update extending the foreclosure moratorium through February 28, 2021.

In response to the executive order and on January 21, 2021, the USDA Rural Development announced a foreclosure and eviction moratorium for all Single Family Housing direct and guaranteed home loans through March 31, 2021.[3]  Similarly, updated HUD COVID-19 resources assure FHA-insured mortgage holders that they will not be foreclosed upon, evicted, nor have new foreclosure actions started, through March 31, 2020.[4]  The most recent action from the VA was published in a January 29, 2021 Circular, which also extended foreclosure and eviction relief on properties secured by VA-guaranteed loans to March 31, 2020.[5] 

For further information or to answer any questions you may have regarding the foreclosure moratorium and legal ramifications, please contact Michelle Garcia Gilbert, Managing Partner, Gilbert Group Law, P.A. and Sapphire Title & Escrow Company.


[1] https://www.cdc.gov/media/releases/2021/s0121-eviction-moratorium.html

[2] https://www.fhfa.gov/Media/PublicAffairs/Pages/FHFA-Extends-Foreclosure-and-REO-Eviction-Moratoriums-1192021.aspx

[3] https://www.rd.usda.gov/newsroom/news-release/usda-extends-foreclosure-and-eviction-moratorium-forbearance-options-single

[4] https://fha.gov/covid-19.html

[5] https://www.benefits.va.gov/HOMELOANS/documents/circulars/26_21_02.pdf

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