foreclosure moratorium lifted
When will the foreclosure moratorium be lifted?
Certainly it will be lifted. Different areas have different dates.
It was only intended as temporary measure to allow some breathing space, for new programs to be implemented.
So if you’re facing foreclosure, start working with YOUR lender right away. Go for housing and credit counseling with HUD approved agency. No one will give you an out, you have to work at it, to make it happen. And if you’re not making payments or putting aside the payments, and working to get out of the hole. . . . . .
Lenders have been given incentives to work with their borrowers. They don’t have to forgive what you owe, even if you’re upside down on your mortgage. They may modify the loan by lowering the interest rate.
