The financial shock from the COVID-19 pandemic threatens the housing security of millions of Americans, prompting federal, state, and local judiciaries to move quickly to ward off foreclosures. This CLE presentation will discuss how COVID-19 has affected mortgages and foreclosures in New York State and the actions that can be taken to preserve a borrower’s home.
This presentation will cover:
- federal foreclosure moratoriums and forbearance of mortgage payments under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act),
- New York State residential and commercial foreclosure moratoriums, and
- New York State judiciary foreclosure moratoriums and modified court procedures regarding pending and all newly filed foreclosure actions in New York State.