FHFA: Foreclosure, REO Eviction Ban Extended to Dec. 31

Written by Florida Condotel Mortrgage on August 27, 2020. Posted in Florida Condotel Mortgage.

At-risk homeowners can’t be removed until Dec. 31 – extended from Aug. 31 – if Fannie or Freddie owns the mortgage; a REO moratorium applies to completed foreclosures. #floridacondotels #floridacondotelmortgage #floridacondotelfinancing

#floridacondotels #floridacondotelmortgage #floridacondotelfinancing

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Rates posted assumes 25% down payment, and an ARM rate first mortgage on a Florida condotel, primary residence. Additional required amounts such as taxes, insurance, home owner association dues, assessments, flood insurance or other such required payments should also be considered. Not all individuals will qualify for a mortgage loan. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. **Posted APR is based on Mortgage Assumptions.

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