What to Expect When the Foreclosure Moratorium Ends in New York
What to Expect When the Foreclosure Moratorium Ends in New York If you are a homeowner in New York and are behind on your mortgage, there are some things to know about what may happen when New York’s Foreclosure Moratorium ends. The federal foreclosure moratorium As part of the CARES Act, the federal foreclosure moratorium was to help keep people from losing their homes in the middle of a pandemic. When the federal moratorium ended (July 31, 2021, with an extension to September 30 for those with a federally protected mortgage) Several states, including New York, stepped in with foreclosure moratoriums of their own. New York’s foreclosure moratorium end date Unless there is yet another extension, New York State’s foreclosure moratorium will be ending on January 15, 2022. What happens after that deadline remains to be seen. However, we can look at other states that have ended their foreclosure moratoriums and get an idea of what we can expect. Wha...