Foreclosure Property Update
The pandemic has hit foreclosure sales the hardest due to moratoriums and stay-at-home orders. When the pandemic starts to subside and moratoriums are lifted, we anticipate an increase in foreclosure sale auctions.
COVID-19 Information Center
We developed this page to provide the latest information regarding the impact of foreclosure and bank-owned auctions due to the pandemic. Review our FAQs below for updates on auction moratoriums, eviction bans and other relevant information.
The pandemic has hit foreclosure sales the hardest due to moratoriums and stay-at-home orders. When the pandemic starts to subside and moratoriums are lifted, we anticipate an increase in foreclosure sale auctions.
FORECLOSURE FAQs
Most foreclosure auctions are being postponed due to moratoriums imposed by government authorities and major financial institutions.
As you may know in response to COVID-19, the Secretary of the Department of Housing and Urban Development (HUD), the Federal Housing Finance Agency, USDA and VA have extended the foreclosure moratorium applicable to any mortgages insured by FHA, USDA, VA and any mortgage purchased or securitized by Fannie Mae or Freddie Mac. The moratoriums run until September 30, 2021 unless otherwise amended.
Yes, many states and counties have imposed moratoriums on foreclosures and evictions. Check with your local municipalities for restrictions in your area.
Check our property pages for the most up-to-date information on auctions that have been rescheduled, postponed, or cancelled. You can also reference county websites for more information. Note: The current environment is still very dynamic, thus Auction.com may not receive updates until the day and time of the scheduled foreclosure sale.
We’re monitoring the crisis both nationally and locally. We’re also working with our sellers to bring you the most up-to-date information. Please contact us with any questions. Call (800) 280-2832 Monday through Friday 5am - 5pm (PT) or email customerservice@auction.com
Yes, Auction.com is open for business but most of our employees are working remotely. Please contact us with any questions or concerns. Call (800) 280-2832 Monday through Friday 5am - 5pm (PT) or email customerservice@auction.com
Bank-Owned Property Update
The pandemic hasn’t affected bank-owned properties as severely as foreclosures because these auctions are conducted online. In fact, we have thousands of bank-owned properties for sale, many of which are vacant. Still, there is important information that you should know if you plan to buy a bank-owned property. Please read the FAQs below.
The pandemic hasn’t affected bank-owned properties as severely as foreclosures because these auctions are conducted online. In fact, we have thousands of bank-owned properties for sale, many of which are vacant. Still, there is important information that you should know if you plan to buy a bank-owned property. Please read the FAQs below.
BANK-OWNED FAQs
Yes, many states and counties have banned evictions during the pandemic for a specified amount of time. Check with local municipalities for restrictions in your area.
This is a pledge launched by Auction.com to help keep families in their homes during this very difficult time. The pledge has mirrored the eviction moratoriums implemented by FHA, VA, USDA, Fannie Mae and Freddie Mac and extends to occupied, bank-owned homes purchased on or after March 24, 2020. Currently, buyers of these properties will be asked to refrain from eviction proceedings until September 30, 2021. We hope our buyers understand and support this temporary measure to ensure that no one becomes displaced in the near term due to this crisis.
Learn more about the Community Stabilization Pledge.
Learn more about bank-owned homes
Learn MoreVacant properties scheduled for auction
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NEED HELP?
Please contact us Monday – Friday from 5 am – 5 pm (PT) at (800) 280-2832 for foreclosures and (800) 793-6107 for bank-owned properties or email customerservice@auction.com
DISCLAIMER: The content provided herein is for informational purposes and no representation or warranty is made regarding its accuracy or completeness. You are encouraged to conduct your own due diligence and seek independent professional advice if necessary.