Blog: Maryland extends moratorium on new residential foreclosures – WEAA

ANNAPOLIS, Md. (AP) — Maryland is extending the moratorium on new residential foreclosures through June 30.

The Maryland Department of Labor made the announcement Wednesday.

 The moratorium was originally established by Gov. Larry Hogan’s executive order on April 3, 2020. It was continued through subsequent executive orders and was due to expire on May 3, 2021.

The new extension date aligns with the expiration of federal foreclosure moratorium.

Maryland Labor Secretary Tiffany Robinson says it will provide homeowners facing financial hardships from the pandemic with additional time to consult with their mortgage lender to find solutions and resume making payments to avoid foreclosure.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s