 TITLE: Are Foreclosures Still Happening During COVID-19? CONTENT: Federal Foreclosure Suspensions Aid Homeowners\n----------------------------------------------\nThe federal Coronavirus Aid, Relief and Economic Security (CARES) Act enacted in late March contains a number of measures that aim to relieve financial strain on Americans affected by the crisis.\nOne component of the CARES Act was a 60-day moratorium, or suspension (subsequently extended), of foreclosure proceedings against homeowners with federally backed mortgages who are behind on payments. The moratorium order covers borrowers with FHA loans, USDA loans, VA loans and conventional loans backed by Fannie Mae or Freddie Mac.\nThe moratorium prohibits lenders and servicers of federally backed mortgages from conducting foreclosure-related evictions and from taking legal action that leads to foreclosure. (It does not prevent lenders or servicers of loans not backed by the government from pursuing foreclosures.)\nIf you were facing foreclosure before the CARES Act was passed, it's possible that state or local laws will continue to protect you from foreclosure for the foreseeable future. If you enrolled in a mortgage forbearance program established under the CARES Act, you're also likely protected for a time. END