August 2020 Update: Extension Of Federally Backed Loan Foreclosures And Evictions Until December 31, 2020
An August 2020 update to the CARES Act has directed Fannie Mae and Freddie Mac (the Enterprises), as well as all other federally backed loans, to EXTEND SUSPENSION OF FORECLOSURES AND EVICTIONS THROUGH DECEMBER 31, 2020, due to the Coronavirus national emergency. The previous end date for the moratorium was June 30, 2020. The foreclosure and eviction suspension applies to homeowners with a federally-backed single-family mortgage.
Federally backed loans include:
- Fannie Mae
- Freddie Mac
- Reverse Mortgages
At The Law Office of Ira J. Metrick, we can help you answer the following questions:
- Is my foreclosure on hold?
- Is my sheriff sale on hold?
- Is my lender offering any assistance?
- Is my mortgage loan federally backed or “enterprise backed”?
To find out if your loan is owned by Fannie Mae, you can got to: Fannie Mae Loan Lookup
To find out if your loan is owned by Freddie Mac, you can go to: Freddie Mac Loan Lookup
To find out if your loan is backed by the Federal Housing Authority (FHA), you can call: 1-800-CALL-FHA (800-225-5342)
You can also try calling your lender to ask if your mortgage loan is federally backed.
Contact Ira J. Metrick, Esq. if you need assistance.
Read our related blog posts for more information about NJ mortgage forbearance due to COVID-19: