TBA Law Blog


Posted by: Stacey Shrader Joslin on Jul 26, 2021

With less than a week before federal moratoriums on evictions and foreclosures are set to expire, the Biden administration is racing to put resources in place to ensure low-income families do not lose their homes, Fox 17 reports. So far, the administration has resisted calls to extend the bans beyond the current expiration date of July 31. Instead, the government has announced plans to expand assistance for mortgage holders at risk of foreclosure by allowing certain borrowers to extend the length of their mortgages and lock in lower monthly payments. Estimates indicate that 1.55 million homeowners are seriously delinquent in their payments.