Posts tagged Residential Foreclosures.
In just a few days, on July 31, 2021, the national moratoriums on residential evictions and foreclosures are set to expire. With this deadline fast approaching, the Biden administration announced a new mortgage relief plan on July 23 to provide relief for individuals with federally-backed mortgages who might soon face the possibility of losing their homes.
The new program is aimed at reducing the monthly payments for individuals with qualifying mortgage loans. Borrowers struggling to make their payments and facing foreclosure as the moratorium ends can negotiate a reduction in ...