USDA and VA Issue Guidance on Foreclosures and Evictions

The U.S. Department of Agriculture (USDA) announced on March 20 that it would be suspending foreclosures on borrowers with USDA Single-Family Housing Direct (SFHD) loans and on evictions of households in SFHD-secured properties for 60 days. The department also issued guidance to stakeholders on adjusting certification requirements to mitigate the potential risk posed by in-person interactions.

The Department of Veteran Affairs (VA) issued guidance on March 18 strongly encouraging holders of loans to veterans to abstain from initiating foreclosure proceedings for at least 60 days.

Read USDA’s announcement at:

Read the VA’s guidance at: