FHFA / HUD / State Foreclosure Suspensions And Related Emergency Orders

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Federal and state governments are beginning to issue emergency orders and take other actions related to foreclosure. Below is a summary of those actions to date. We will update this summary as new information becomes available.

Federal Actions

FHFA – On March 18 FHFA issued an order suspending foreclosures and evictions for all Fannie and Freddie loans. The suspension is in effect for at least the next 60 days.

HUD – On March 18 HUD issued Mortgage Letter 2020-04, suspending foreclosure and evictions on FHA loans for 60 days. The letter also extends deadlines of the first legal action and reasonable diligence timelines by 60 days.

State Actions

California – On March 16 Governor Newsom issued an order permitting localities to take whatever means necessary to promote housing security and stability.

  • Los Angeles – On March 13 Mayor Garcetti issued an order prohibiting evictions.
  • San Francisco – On March 13 Mayor Breed issued an order prohibiting evictions.

Indiana – On March 19 Governor Holcomb issued an emergency order suspending all foreclosure and eviction proceedings until May 5, 2020.

Kansas – On March 17, Governor Kelly ordered all financial institutions operating in Kansas to suspend initiation of: (1) any mortgage foreclosure efforts or judicial proceedings, and (2) any commercial or residential evictions efforts or judicial proceedings until May 1, 2020.

Maryland – On March 16 Governor Hogan issued an emergency order suspending evictions.

New Hampshire – On March 17 Governor Sununu suspended all foreclosures for the duration of New Hampshire’s state of emergency.

New Jersey – On March 19 Governor Murphy issued an emergency order staying the enforcement of all judgments related to foreclosure or eviction, and also prohibiting removal of any resident in connection with a foreclosure or eviction. The order permits initiating or continuing foreclosure and eviction proceedings.

New York – On March 19 the New York State Office of Court Administration announced a suspension of all foreclosure proceedings and residential evictions.

Oregon – The state has not issued emergency orders related to foreclosures, but on March 17 Multnomah County issued a moratorium on evictions.

Washington – The state has not issued orders related to foreclosures, but on March 18 Governor Inslee issued a moratorium on evictions. Seattle Mayor Durkan previously issued an order suspending evictions on March 14.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations. Attorney Advertising.

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