The Federal Housing Administration (FHA) has extended its disaster-related foreclosure moratorium in Hawaii’s Maui County through May 6, 2024, for borrowers with FHA-insured single-family mortgages, including seniors with Home Equity Conversion Mortgages.
FHA implemented an automatic 90-day foreclosure moratorium that required mortgage servicers to halt the initiation or completion of all foreclosure actions in Maui County on Aug. 10, when the wildfire disaster occurred. The moratorium was originally set to expire on Nov. 8.
In addition to extending the foreclosure moratorium, FHA is also extending the deadline dates for servicers to perform certain legal actions related to foreclosure for an additional 180 days following the end of the foreclosure moratorium.
“We remain committed to doing everything we can to help the residents of Maui as they begin to rebuild their homes and lives,” said Federal Housing Commissioner Julia R. Gordon. “The last thing any FHA borrower there should have to worry about right now is foreclosure.”
Photo courtesy U.S. Department of Homeland Security
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