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President has ‘Authorized’ ImmediateCessation of Foreclosures and Evictions

President has Authorized ImmediateCessation of Foreclosures and Evictions copy

President Trump and Urban Development Secretary Ben Carson said Saturday that they have authorized the cessation of foreclosures. It is important to keep in mind that this act isn’t an executive “order” and is merely a “authorization.”

 

“The president has authorized the immediate cessation of foreclosure and eviction proceedings for American families, forward mortgages as well as reverse mortgages..”

 

Carson encourages Americans that are experiencing issues to proactively contact their lenders to inquire about their options, as this does not happen automatically.

 

Carson also further stated:

“HUD does not have authority to mandate that evictions can’t occur, but we are in contact with all the [public housing agencies] across the country and are petitioning Congress for the power to be able to actually enforce that,”

 

 

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