California Halts All Lender Foreclosures and Evictions

Foreclosures and Evictions

Almost all California foreclosures and evictions have been put on hold for the foreseeable future.

AND the freeze on foreclosures and evictions is good for 90 days past the end of the state of emergency.

California’s Judicial Council on Monday, April 6, 2020, issued emergency orders that stop lenders’ efforts to foreclosure on mortgages and landlords’ ability to evict tenants — except in cases where public health or safety are involved.

The Judicial Council is the rule-making arm of the California court system. These actions are its way of implementing various mandates from Gov. Gavin Newsom attempting to limit the spread of coronavirus and mitigate the economic impacts of business shutdowns.

The governor’s edicts, which include stiff limitations on lender foreclosures and tenant evictions, have been criticized by some in the housing industry as putting investment property owners and banks at financial risk.