Visit our Maryland Homeowners Facing Foreclosure page for an explanation of the foreclosure process and tips for avoiding loan modification fraud and other foreclosure scams. Be aware that this order does not release you from your debt obligations or otherwise dismiss a foreclosure case that was already in process. Additionally, if you enter into a forbearance plan due to COVID-19, your account should accrue interest as if you had made all contractual payments on time and within the terms of the loan and should not accrue any additional fees, penalties, or interest beyond the amounts already scheduled or calculated. Marylanders with federally-backed mortgages, like those from Fannie Mae and Freddie Mac, are protected from foreclosure through the end of the year under the federal Coronavirus Aid, Relief and Economic Security (CARES) Act. A judicial foreclosure is a foreclosure that is initiated with a formal lawsuit and resolved through traditional court proceedings. To find out if you qualify for a COVID-19 mortgage relief program, contact your mortgage lender or servicer (the company where you send your monthly payments). Single-family homeowners whose mortgages are backed by Fannie Mae or Freddie Mac are now protected from foreclosures and evictions through Aug. 31 due to the COVID-19 epidemic. There are both state and federal changes that could affect the foreclosure process. If you do not have a federally-backed loan and are a Maryland homeowner, you may still request payment forbearance for a period of up to 180 days, with an extension of up to an additional 180 days. Maryland Gov. If you can afford to make partial payments, you must discuss this option with your mortgage servicer first because you may need to enter into an agreement for a new repayment plan. If you have a federally-backed loan, your mortgage lender or servicer should provide payment forbearance for a period of up to 180 days, with an extension of up to an additional 180 days, if you request such assistance. … The moratoriums on single-family foreclosures and evictions for certain federally-backed mortgages have been extended until the end of December. Residential foreclosures cannot be initiated until after January 31, 2021, due to the suspension of the “Notice of Intent to Foreclose” electronic system, according to Governor Hogan’s executive order 20-12-17-02  (which amended and restated previous orders issued on April 3, 2020 and October 16, 2020). However, the foreclosure freeze for federally backed loans under the CARES Act is … There may also be additional charges for itemized expenses such as court costs, postage or even travel. The order also prohibits residential mortgage foreclosure and repossession of certain personal property. Email address. The Maryland Department of Housing and Community Development’s website has foreclosure prevention information, including how to access FREE help from state-approved nonprofit housing counseling agencies. Homeowners experiencing difficulty paying their mortgage due to COVID-19 related circumstances may request a temporary suspension of loan payments, called “forbearance”. We cannot allow Marylanders to be evicted and foreclosed during the peak of the pandemic during the winter. HUD Baltimore Foreclosure Moratorium Information. Foreclosure status: The moratorium also protects homeowners with federally and privately backed loans who are late on or unable to make mortgage payments through Nov. 15. Advocates including the ACLU of Maryland, the Homeless Persons Representation Project, and the Public Justice Center previously raised a red flag over Hogan’s moratorium. This effectively imposes a moratorium on the initiation of new foreclosure actions. Larry Hogan issued an order Friday prohibiting foreclosures on homes during the coronavirus pandemic. order of the governor of the state of maryland. Maryland Groups Pushing for Foreclosure Moratorium Posted on March 31, 2014 by The Law Firm of Kevin D. Judd According to the Baltimore Sun , civil rights groups from across Maryland are lobbying lawmakers in Annapolis to impose a six-month moratorium on home foreclosures because of the high number of cases in the state. If you would like help understanding your options when faced with foreclosure or you need assistance communicating with your mortgage lender or servicer, call the Maryland HOPE hotline at 1-877-462-7555 for a referral to a nonprofit housing counseling or legal service agency. The national eviction moratorium ends on December 31. The end of the foreclosure moratorium may mean further indebtedness for already strained homeowners in Columbia. The following are summaries of actions certain states have taken in response to the Covid-19 crisis to limit home foreclosures. The CARES Act also includes credit reporting protections for borrowers. Have your relevant documentation ready before you call, including your most recent loan statement and the amount of your reduced income or unemployment benefits. amending and restating the order dated march 16, 2020. temporarily prohibiting evictions of tenants suffering substantial loss of income due to covid-19, and additionally prohibiting certain repossessions, stopping initiation of residential mortgage foreclosures, prohibiting commercial evictions, and allowing … Furthermore, there is a foreclosure and eviction moratorium in place until January 31, 2021 for mortgages backed by Fannie Mae or Freddie Mac. See your most recent monthly statement for your mortgage lender or servicer’s contact information. Be aware that with a forbearance plan, you will still be required to make up the suspended payments at a later date. Maryland Gov. Hogan previously ordered landlords not to evict any residential tenants during the state of emergency due to the worldwide coronavirus outbreak. Will the good times last? These agencies hold federally-backed loans: (According to the Consumer Financial Protection Bureau, approximately half of U.S. mortgages are owned by Fannie Mae or Freddie Mac. If you do not have your statement, use the Nationwide Multistate Licensing System to search for the company by name. A recent article had indicated that HUD had granted an additional 30-day moratorium on federal mortgage foreclosures for approximately 3,000 mortgagors who may have been victims of real estate flipping or other improper loan process. Lenders and servicers cannot automatically apply one of these programs to your mortgage – they must hear from you! 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