The U.S. Department of Housing and Urban Development announced Thursday a 90-day extension to the foreclosure moratorium on many detached home mortgages affected by the Los Angeles County wildfires.
Originally scheduled to expire on April 8, 2025, the moratorium prohibits mortgage servicers from initiating or completing FHA insurance single family or home equity conversion mortgages in the Los Angeles County Presidential Presidential Major Disaster Declaration (PDMDA) area.
The moratorium will expire on July 7th, 2025.
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HUD also shared these tips for wildfire victims.
Borrowers who are unable to make mortgage payments should practically contact the mortgage servicer for assistance. Borrowers may also contact the FHA Resource Center at (800) Call-FHA (1-800-877-8339 or TTY 1-800-877-8339) for assistance. Borrowers and tenants in need of immediate housing and disaster recovery assistance. HUD certified housing counselors are ready to provide guidance on available options. To find HUD approved housing counselling institutions, borrowers can use HUD’s online search tool or use the phone search by calling (800) 569-4287 or (202) 708-1455 (TTY). If the borrower has had his home destroyed or damaged to the extent that requires reconstruction or complete replacement, contact an FHA approved lender for the FHA Section 203(H) Loan Program. The program provides 100% funding for eligible homeowners to rebuild or buy a new home. For borrowers seeking to buy and/or repair a damaged home, please contact FHA-approved lenders for the FHA Section 203(k) loan program. The program allows individuals to fund the costs of purchasing or refinancing, repairing or renovating a home through a single mortgage.
HUD secretary Scott Turner made the announcement while touring the Altadena disaster zone with Los Angeles manager Kathryn Berger.
“The extension of HUD’s foreclosure moratorium is a lifeline for wildfire survivors in Los Angeles County and faces enormous challenges,” Berger said in a statement.
“We appreciate Secretary Turner’s leadership and his commitment to ensuring that families affected by these devastating fires have the time and support they need to recover. This serious relief will help us stabilize our community as we work together to rebuild and heal.”
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