Foreclosure Attorney: Do You Need One?
Coronavirus and Foreclosures in NYS With so many Americans suddenly unemployed due to COVID-19, a huge number of homeowners are unable to make their mortgage payments, forcing people to go into foreclosure. Governor Andrew M. Cuomo first announced a New York State moratorium on residential and commercial foreclosures on March 20, 2020 to ensure people were not evicted during the height of the pandemic. This comes after the federal Coronavirus Aid, Relief and Economic Security (CARES) Act was enacted for the purposes of relieving financial strain on Americans affected by COVID-19. On March 27, 2020 the CARES Act passed the House and was signed into law by President Donald J. Trump. Since the inception of the moratorium, there have been different levels and orders of the moratorium. Executive Order 202.8 barred the enforcement of any foreclosure proceeding until June 20, 2020. Executive Order 202.28 extended the moratorium on evictions and foreclosures to August 20, 2020, as...