What You Need to Know About the CARES Act and Foreclosure
When the CARES Act was signed into law this past March, 2020, it gave homeowners who had government backed mortgages, protection from foreclosure up through August 31, 2020. The primary purpose of the new law was to keep homeowners and renters in their homes.
The government backed loans included the FHA, VA, USDA, Ginny Mae, and Freddie Mac. It did not protect those homeowners who had direct mortgages with mortgage lenders, or private party loans. Prior to the August 31 expiration date, the government agencies mentioned above have now extended View full post…
