President Biden's Inauguration Brings Expected Extensions of Federal Foreclosure and Eviction Moratoria | Seyfarth Shaw LLP

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The inauguration of President Biden on January 20, 2021, and the launch of a new executive administration, brought with it further extensions of the federal moratoria on conducting foreclosures of single-family residential properties and pursing residential evictions due to the ongoing COVID-19 pandemic.  The eviction moratorium extended by the federal Centers for Disease Prevention and Control (CDC) applies nationwide to residential properties (unless exempted), and the foreclosure and eviction moratoria extensions by other federal agencies apply to properties with government-backed mortgages or that are owned by the government-sponsored enterprises (GSEs) following a previously-completed foreclosure or deed-acquisition arising from a mortgage default.  The extensions, which were widely expected following the November election results and continuing nature of the COVID-19 pandemic, are summarized below.  And with a new Congress under Democratic control, they are likely to be followed by a more robust effort by the Biden Administration to extend them until September 30, 2021.

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