Foreclosure Or Bankruptcy: Which Is Right For You As The Florida Foreclosure Moratorium Expires?

August 14, 2021 Bankruptcy

The Oxford dictionary defines a moratorium as a “temporary prohibition of an activity.” Due to the COVID-19 pandemic, both the state of Florida and the federal government issued moratoriums on foreclosures under certain circumstances. Florida’s moratorium expired on October 1, 2020. However, the federal moratorium only recently expired on July 31, 2021, and many homeowners who are still not able to make their mortgage payments are wondering what their next step should be.