Maryland foreclosure moratorium extended through June 30 Posted on
BALTIMORE, MD The Maryland Department of Labor’s Office of the Commissioner of Financial Regulation on Wednesday the extension of the moratorium on new residential foreclosures through June 30, 2021. The moratorium, originally established by the Governor’s executive order issued April 3, 2020 and continued through subsequent executive orders and regulatory guidance, was due to expire on May 3, 2021. The new extension date aligns with the expiration of federal foreclosure moratorium.
“Our department’s Office of Financial Regulation has further extended the moratorium on new residential foreclosures through the end of June to keep Marylanders in their homes as we emerge from this pandemic,” said Labor Secretary Tiffany P. Robinson. “This extension of the moratorium provides homeowners facing financial hardships with additional time to consult with their mortgage lender to find solutions and
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February 22, 2021
Maryland Department of Labor officials have extended the state s emergency stay on new foreclosures through the end of March, according to a Tuesday press release.
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That means the state s reporting system for certain foreclosures will remain closed through March 31, according to the release. While that system is closed, mortgage lenders, loan servicers, and collection agencies won t be able to send a notice of intent to foreclose – the first step in most foreclosures – to homeowners. After an analysis of multiple factors related to the COVID-19 health crisis, we made the decision to continue the prohibition on new foreclosures by keeping the statewide reporting system closed, Maryland Commissioner of Financial Regulation Antonio P. Salazar said in a statement.