Submitting an Application For The COVID-19 Emergency Eviction and Foreclosure Prevention Act of 2020
Update: “The legislation places a moratorium on residential evictions until August 31, 2021, for tenants who have endured COVID-related hardship.”
The COVID-19 pandemic has produced many challenging economic issues for all New Yorkers, especially renters, homeowners, and small landlords. On December 28, 2020, Governor Cuomo signed legislation that protects New Yorkers, allowing them to remain in their homes safely by preventing residential evictions, foreclosure proceedings, credit discrimination, and negative credit reporting as a consequence of COVID-19 pandemic.
Homeowners and landlords that own fewer than 10 properties are protected from residential foreclosures until May 1st, 2021. Tenants who face eviction for loss due to COVID-19 can apply to suspend eviction proceedings for 60 days.
If you are facing eviction, foreclosure, credit discrimination, or negative credit reporting due to the pandemic, please contact us. We’ll help you submit a hardship declaration that suspends any eviction or foreclosure proceeding until May 1st, 2021.