In response to the coronavirus (COVID-19) outbreak, the federal government and some states, localities, and companies have imposed a foreclosure moratorium—a temporary halt in the initiation or continuation of foreclosure procedures—for specific kinds of loans and in a number of areas.  Federal and perhaps state laws could potentially help you as you seek foreclosure relief. And, even if you’ve already asked for an alternative to foreclosure, you might want to make another request considering the emergency situation that COVID-19 is causing.  Many of Texas’ largest counties have suspended foreclosures for the month of April due to coronavirus concerns. Though, some bans just say that the individual county won’t make county facilities available for sales to go ahead. So, it’s theoretically possible that sales could happen using another channel, like Zoom or Skype.

The federal Coronavirus Aid, Relief, and Economic Security (CARES) Act, which President Trump signed into law on March 27, 2020, imposes a 60-day foreclosure moratorium starting March 18, 2020, for federally backed mortgage loans.

A federally backed mortgage loan is one that is:

  • insured by the Federal Housing Administration (FHA)
  • insured under section 255 of the National Housing Act
  • guaranteed under section 184 or 184A of the Housing and Community Development Act of 1992
  • guaranteed or insured by the Department of Veterans Affairs (VA)
  • guaranteed, insured, or made by the Department of Agriculture, or
  • purchased or securitized by Fannie Mae or Freddie Mac.

NEED TO SELL DUE TO FORECLOSURE? CALL US TODAY AT 281-402-9370 or toll free at 1-877-324-9477 or email We are here for you with any questions or concerns.