Vermont Passes New Law Prohibiting Foreclosures During the Coronavirus Crisis
May 14, 2020. Vermont lawmakers passed a ban on foreclosures, as well as evictions following foreclosures, during the coronavirus outbreak.
Virginia Passes New Law Prohibiting Foreclosures During the Coronavirus Crisis
April 22, 2020. A new law in Virginia allows homeowners affected by COVID-19 to get a 30-day stay of foreclosure.
Coronavirus Foreclosure Protections and Mortgage-Payment Relief for Michigan Homeowners
April 23, 2020. Many banks and credit unions have agreed to a 60-day foreclosure moratorium and a 90-day mortgage-payment suspension for Michigan homeowners.
Alaska Passes New Law Prohibiting Foreclosures During the Coronavirus Crisis
May 18, 2020. Alaska Governor Mike Dunleavy signed SB 241 into law, which imposes a foreclosure moratorium in that state. To get protection against a foreclosure, you have to provide your mortgage lender a sworn statement that you're experiencing a “financial hardship” due to the coronavirus outbreak.
South Carolina Foreclosure Procedures Now Require a CARES Act Certification
May 6, 2020. If you’re facing a foreclosure in South Carolina, but the foreclosing party doesn’t complete a CARES Act certification or does it incorrectly, you might have a defense to the action.
Mortgage Payment Relief for District of Columbia Homeowners Affected By Coronavirus
The District of Columbia recently passed legislation creating a 90-day mortgage deferment program for residential and commercial mortgage borrowers.
March 30, 2020. Banks and servicers in Arizona have agreed to suspend residential foreclosures and evictions or at least 60 days.
March 31, 2020. Banks agree to a 90-day forbearance on mortgage payments for homeowners in Connecticut who’re facing a hardship because of the coronavirus outbreak.
April 24, 2020. Many banks and credit unions in Rhode Island have agreed to a minimum 60-day foreclosure moratorium. They also agreed to suspend mortgage payments for residential borrowers.
Massachusetts Passes a Law Prohibiting Foreclosures During the Coronavirus Crisis
April 20, 2020. Massachusetts lawmakers have passed a ban on foreclosures, as well as evictions following foreclosures, during the COVID-19 outbreak.
March 25, 2020. Banks agree to a 90-day grace period on mortgage payments for homeowners in California who’ve been financially hurt by the coronavirus outbreak.
April 6, 2020. The California Judicial Council has approved new rules for the state’s courtrooms that include postponing judicial foreclosure proceedings and evictions.
Moratorium on Reverse Mortgage Foreclosures Due to Coronavirus Outbreak
March 18, 2020. HUD has imposed a 60-day foreclosure delay for defaulted reverse mortgages.
Fannie Mae, Freddie Mac Announce New Payment Deferral Option to Repay CARES Act Forbearances
July 1, 2020. Fannie Mae and Freddie Mac announced that they’re rolling out a new payment deferral option for borrowers who finish a CARES Act forbearance.
Mortgage and Foreclosure Relief Under the Federal CARES Act
March 27, 2020. The federal stimulus plan gives homeowners who have a “federally backed mortgage loan” the opportunity to get a forbearance, as well as protects them from foreclosure.
New York Amends Its Mortgage Servicing Laws to Add More Borrower Protections
March 17, 2020. New York’s amended mortgage servicing laws provide homeowners with additional protections against foreclosure.
Foreclosure Notice Changes in Michigan
January 11, 2020. A new Michigan law requires additional information in a notice of foreclosure. But will these changes help you if you’re facing a foreclosure?
Foreclosure Protection Law for Veterans Passes in Oregon
January 1, 2020. Foreclosure documents in Oregon must include helpful information for veterans.
Changes to Oregon’s Judicial Foreclosure Laws
January 1, 2020. Oregon homeowners going through a judicial foreclosure will receive specific warnings about selling the home during the process.
Mortgage Forgiveness Tax Break Extended Through 2020
December 20, 2019. A new law—the Further Consolidated Appropriations Act, 2020—includes tax relief for situations when a lender forgives mortgage debt.