In response to COVID-19-related financial hardships, the federal government is offering a reprieve on foreclosures for qualifying owners of single-family and multifamily properties. The U.S. Department of Housing and Urban Development announced that it will be halting all evictions and foreclosures until May 1 due to the coronavirus pandemic. This moratorium on evictions and foreclosures applies specifically to single-family homes with mortgages insured by the Federal Housing Administration, a HUD agency that backs affordable home loans issued through private firms. According to HUD, this relief will apply to about 8 million units. For more information, see HUD’s press release on… Read More