VA issued Circular 26-23-25 to announce a temporary foreclosure moratorium for borrowers. The Circular strongly encourages servicers to establish a moratorium on initiating, continuing, and/or completing foreclosures for borrowers beginning November 30, 2023 and continuing through May 31, 2024. The moratorium does not apply to vacant or abandoned properties. In addition, the Circular encourages servicers to avoid negative credit reporting on affected loans to avoid damaging the credit records of veteran borrowers.
Click to view the VA Circular 26-23-25: https://www.tenaco.com/wp-content/uploads/2023/12/VA-Circular-26-23-25-11-30-23.pdf
