Virginia legislature approves foreclosure relief for residential homeowners and renters

State Issues Covid-19 Virginia Foreclosure Consumer Finance Mortgages

On April 22, the Virginia state legislature reenrolled HB 340, which provides foreclosure relief to residents affected by the Covid-19 crisis. The reenrolled bill expands protections previously extended to federal workers furloughed by a government shutdown to all residents during the pandemic, including a 30-day stay on foreclosure proceedings for owners of residential housing and a 60-day stay on detainers for nonpayment of rent.