Foreclosure Moratorium

On June 1, 2020, Governor Ron DeSantis issued Executive Order Number 20-137, which extends the moratorium on mortgage foreclosures in Florida until July 1, 2020. The moratorium on foreclosures was previously scheduled to expire on June 2, 2020. As has been the case with prior executive orders, we are continuing to take the position that we must suspend and place on hold all mortgage foreclosures currently pending in Florida until July 1, 2020. This means we may not file any new cases, proceed with any hearings or foreclosure sales that may be scheduled before July 1, 2020, seek any defaults, complete service of process or move for entry of a final judgment of foreclosure. If further executive orders are issued or further guidance is provided by the Courts or Executive Branch related to this most recent order, we will reevaluate and provide further insight and guidance.

If you have any questions or concerns regarding this most resent order or any other matters related to Covid-19, please do not hesitate to reach out to myself or one of the other attorney’s at Sorenson Van Leuven.

Foreclosure Moratorium

On May 14, 2020, Governor Ron DeSantis issued Executive Order Number 20-121 (“Order”). The Order extends the moratorium on mortgage foreclosures in Florida as provided in Executive Order 20-94 until June 2, 2020. As a result of this Order, we are continuing to take the position that we must suspend and place on hold all mortgage foreclosures currently pending in Florida until June 2, 2020.

This means we may not file any new cases, proceed with any hearings or foreclosure sales that may be scheduled before June 2, 2020, seek any defaults, complete service of process or move for entry of a final judgment of foreclosure. If further executive orders are issued or further guidance is provided by the Courts or Executive Branch related to this Order, we will reevaluate and provide further insight and guidance.

In addition to the Governor’s Executive Order, Fannie Mae issued Lender Letter ((LL-2020-02) which extends the suspension of mortgage foreclosure related activities on Fannie Mae loans through June 30, 2020. Please note that this suspension does not apply to mortgages where the servicer has confirmed that the property has been abandon or is vacant. Freddie Mac has issued a similar directive by suspending mortgage foreclosure related activities until June 30, 2020.

If you have any questions or concerns regarding this Order or any other matters related to Covid-19, please do not hesitate to reach out to myself or Jim Sorenson.

Jim’s latest interview on his new book! Collections is Not a Dirty Word reflects on Jim’s extensive experience serving credit unions and assisting in collections; including tips, advice, and common mistakes he has encountered in his career. Congrats Jim!

Link to Order: www.collectionsbook.com