On Mar. 6, HUD issued letter to extend moratorium for disaster areas.
HUD issued Dear lender letter (DLL) 2025-01 to extend foreclosure moratorium period for Section 184 Indian Housing Loan Guarantee Program for FLA, GA, NC, SC, TN, VA.
Document dated Mar. 6, 2025, received from HUD Mar. 12, summarized on Mar. 17.
Foreclosure Moratorium
Issued for automatic extension of foreclosure moratorium of foregoing disaster areas.
Aims to remind lenders of Presidentially declared major disaster areas (PDMDAs).
Relate to the Section 184 program as well as related extensions for FEMA declarations.
Section 184 properties located within declarations identified are subject to moratorium through Jul. 7, 2025, except those that are secured by vacant/abandoned properties.
Underlying Declarations
Follows FEMA Sep. 2024 reported disaster declaration for North Carolina, see #227932
Follows HUD Oct. 2024 aid for Georgia disaster victims due to Helene, see #228849.
Follows Florida declarations for Hurricanes Milton and Helene, see #227178, #228835.
Follows FEMA Sep. 2024 report White House approval of TN Helene aid, see #227990.
Follows HUD Sep. 2024 offer of Hurricane Helene disaster aid in SC, see #228305.
Comment Period
HUD welcomes feedback from interested parties for 30 calendar from date of issuance.
Effectiveness
DLL 2025-01 becomes effective immediately.
Section 184 properties located within declarations identified are subject to moratorium through Jul. 7, 2025, except those that are secured by vacant/abandoned properties.
Deadlines for first legal action, due diligence extended by 180 Days from Jul. 7, 2025.
