Eviction protection extended for homeowners

Some good news for homeowners facing possible foreclosure and eviction.

The moratoriums on single-family foreclosures and evictions for certain federally-backed mortgages have been extended until the end of December.

FORECLOSURE AND EVICTION --THE MORATORIUMS ON SINGLE-FAMILYFORECLOSURESAND EVICTIONS FOR CERTAINFEDERALLY-BACKEDMORTGAGES HAVE BEEN EXTENDEDUNTIL THE END OF DECEMBER...THE FEDERAL HOUSING FINANCEAUTHORITY SAYS THE EXTENSIONSWILL BENEFIT 28 MILLIONHOMEOWNERS.FUNDING FOR THE EXTENSIONS COMESFROM THE CARES ACT.ORIGINALLY BOTH FORCLOSURE ANDEVICTION MORATORIUMSWERE EXPECTED TO EXPIRE ONAUGUST 31ST.WHILE THE CURRENT EXTENSION WILLACT AS ATEMPORARY REPRIEVE FOR THOSEWITH SINGLE-FAMILYHOUSING, THE F-H-F-A SAID IT ISMONITORING THE SITUATION IFADDITIONAL ACTION IS NEEDED.

THEF-H-F-A PROJECTS MORE ADDITIONALEXPENSES DUE TO THE EXISTINGCOVID-19 FORECLOSURE MORATORIUM.THERE IS STILL NO WORD ON IF ANEXTENSION WILL BE GIVEN TORENTERS.ANOTHER ONE MILLION AMERICANS