No foreclosures on homes until June 30.
On Tuesday, the White House announced that President Biden had again extended protections for homeowners facing foreclosure due to the COVID-19 pandemic. On the president’s first day in office, he initially extended the relief until the end of March. The new extension prevents any housing foreclosures until June 30.
According to the Census Bureau, 12% of all homeowners with mortgages were behind on payments due to the pandemic. This amounts to nearly 10 million homes across the country. The actions on Tuesday do not address a federal moratorium on evictions for people who are renting their homes, set to expire at the end of March.
As the Lord Leads, Pray with Us…
- For the Lord to give the president’s administration wisdom in addressing the economic crisis with regard to housing.
- That God would allow the Census Bureau to report the most accurate data on the housing impact of the pandemic.
- For God to help those suffering due to COVID to find hope in Him.
Sources: AP, Fox Business, CBS
