Biden bans federal foreclosure until June

Tony Joseph 4 years ago 2 min read

MADRID (Europa Press). – President Joe Biden banned until June 30, a ban on foreclosures backed by federal authorities, and another six months to help homeowners due to the economic crisis that has arisen due to the epidemic. Gave time

This is the second time that President Biden has extended this postponement, when he did so in one of his first executive orders, when he settled in the Oval Office. In the event that the next is extended for the third time on 30 June, owners can postpone their payments for six more months.

According to the White House, at least 11 million mortgages in the United States have been guaranteed by the federal government, of which no more than 10 million have been to date with payments. Some 2.7 million owners have taken advantage of this expansion plan, which can only be accessed with prior registration.

In a statement, the White House noted that, in the midst of the epidemic, President Biden considers the measure “an important step toward building stronger and more equitable communities” and specifically to benefit the homes of racial minorities. . Economic crisis.

However, this Tuesday’s executive order does not include an extension of the postponement on eviction for non-payment of rent, which is currently expiring on March 31, although it is not ruled out that it did in the coming weeks Will go.

These measures were already implemented in Donald Trump’s previous administration, which last extended the FederalRosers in August, which depended on federal funds, recalls ‘USA Today’.

Through the Centers for Disease Control and Prevention (CDC), former President Trump began an extension for four more months in September to repeal the expulsion of tenants who could not meet the payments.

To meet these payments, the Biden administration is pressuring the United States Congress to complete its ambitious $ 1.9 trillion coronavirus assistance project, which includes a $ 10 billion homeowner assistance fund.