KEY POINTS
- The CARES Act provided some relief for homeowners with distressed finances, including mortgage forbearance and a moratorium against foreclosures on borrowers with federally backed mortgages.
- The Federal Housing Finance Agency said on Thursday that Fannie Mae and Freddie Mac will extend its foreclosure moratoriums until at least Dec. 31. Those protections were supposed to expire on Aug. 31.
- Greater economic uncertainty can raise foreclosure risk, which comes with tax planning implications for homeowners.
https://www.cnbc.com/2020/08/28/homeowners-in-foreclosure-face-tax-implications-what-you-should-know.html