The COVID-19 pandemic has triggered a housing affordability crisis. Approx 2.8 million Americans currently have their home loans in forbearance. While forbearance programs for any type of loan let you delay payments, you must eventually pay back what you missed. Soon the time will come where payments need to be caught up. Not everyone has the money to do so. My team and I can help. We want to help. There are options available and we can help you understand them all. Don’t lose your home!

Recently, the Department of Housing and Urban Development, Department of Veterans Affairs, and Department of Agriculture announced a coordinated extension and expansion of forbearance and foreclosure relief programs. 

These actions will:

• Extend the foreclosure moratorium for homeowners through June 30, 2021;
• Extend the mortgage payment forbearance enrollment window until June 30, 2021 for borrowers who wish to request forbearance;
• Provide up to six months of additional mortgage payment forbearance, in three-month increments, for borrowers who entered forbearance on or before June 30, 2020.

This relief will directly benefit the 2.8 million homeowners currently in COVID forbearance and extend the availability of forbearance options for nearly 11 million government-backed mortgages nationwide.

Fannie Mae and Freddie Mac also recently extended their forbearance and foreclosure programs.  Those with Fannie Mae and Freddie Mac mortgages who are enrolled in a Covid-19 forbearance program as of February will also get an additional three months of mortgage payment deferral, according to the Federal Housing Finance Agency. This means those with these federally-backed mortgages can now defer their payments for up to 15 months.

Be sure to give me a call so we can go over all of your options. Our team has amazing strategic partners in the mortgage industry, and they want to help you too! Our conversation will be discreet and informative. You can reach me at my office 267-733-0777 or my cell 215-892-2178.

Dedicated Realtor- Helping clients navigate their way through all aspects of buying, selling or investing in real estate.

Thanks so much for taking the time to watch my video!

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