NAR Commends White House Extension of Forbearance and Foreclosure Protections

Biden administration announces moves to protect homeowners impacted by COVID-19

Biden administration announces moves to protect homeowners impacted by COVID-19

WASHINGTON (February 17, 2021) – National Association of Realtors® President Charlie Oppler issued the following statement after the Biden administration announced this week that it would extend the foreclosure moratorium for homeowners through June 30, 2021, and extend the mortgage payment forbearance enrollment window until June 30, 2021 for requesting borrowers.

"NAR commends the Biden administration's efforts to protect housing for millions of vulnerable Americans as this pandemic endures," said Oppler, a Realtor® from Franklin Lakes, N.J., and the CEO of Prominent Properties Sotheby's International. "This decision not only provides security of shelter to those at risk of foreclosure, but also offers critical stability in the broader U.S. housing market. We look forward to working with the White House as these efforts continue and as the nation emerges from the grip of COVID-19 with vaccination efforts underway."

The National Association of Realtors® is America's largest trade association, representing more than 1.4 million members involved in all aspects of the residential and commercial real estate industries.

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