The Impact of COVID-19 on Mortgages and Foreclosures in New York State

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.

Please click here for more information and to view the presentation