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12.2.5.2 Foreclosure Moratorium and Eviction Suspension

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The Servicer Handbook states that “[a]lthough the loan servicer is ultimately responsible for determining when to initiate foreclosure, and complete a termination action, VA requests that servicers establish a 90-day moratorium from the date of a disaster on initiating new referrals to foreclosure on affected loans.”211 However, under certain circumstances, the VA may require servicers to suspend foreclosure sales and evictions for a prescribed time period.

Footnotes

  • 211 U.S. Dep’t of Veterans Affairs, VA Servicer Handbook M26-4, § 21.03, Moratorium on Foreclosure.