Marlton, NJ; New York, NY; Wilmington, DE; Search Toggle Menu Select Government-Backed Mortgages Extend Foreclosure and Eviction Moratoriums Through December 31, 2020 For more info, contact: Christopher R. Mullen; Download PDF. During this time, you cannot be charged fees, penalties, or interest on top of what you would normally accrue. Even though this moratorium has expired, you might still be covered by a moratorium … the moratorium on evictions and foreclosures has been extended until august 1. governor desantis signed the order just hours ago. Democrats have pushed for an extension of the ban or a $100 billion rental assistance program. Applications for these relief options are available at https://www.hesaa.org/Documents/Relief%20Options/Unemployment.pdf and https://www.hesaa.org/Documents/NJCLASSTempDisabilityForm.pdf In addition, NJCLASS borrowers can apply for financial hardship relief. This is a time to care for our neighbors and fellow citizens.” “As people work anxiously to keep themselves and their loved ones safe in the face of this pandemic, they should not also have to live in the fear of going homeless,” said Senator Nellie Pou. Your home can still enter into a final judgment of foreclosure, and a sheriff’s sale of the property can occur. Again, while the NJ foreclosure process can proceed, evictions cannot take place during the eviction moratorium. Residents may also visit (new webpage link) to learn more about our housing assistance programs. These actions come a day after the U.S. Department of Housing and Urban Development, Fannie Mae, and Freddie Mac would be suspending all foreclosures and evictions for at least 60 days. We know how to negotiate with lenders, utility companies, and landlords, and when it comes to helping our clients out of debt, we’ve seen it all. The user is on notice that neither the State of NJ site nor its operators review any of the services, information and/or content from anything that may be linked to the State of NJ site for any reason. Phil Murphy’s request for a disaster designation, opening up access to the SBA’s Economic Injury Disaster Loan program to New Jersey businesses hit hard by the COVID-19 pandemic. Citing concerns over the economic impact of the coronavirus shutdown, the Federal Housing Finance Agency (FHFA) has extended the national moratorium on … Details regarding the SBA loan program can be found online at: https://faq.business.nj.gov/en/articles/3789809 More information on SBA disaster loans can also be found at https://disasterloan.sba.gov/ela/ To further aid both homeowners and renters facing hardship, the New Jersey Housing and Mortgage Finance Agency is expanding its Foreclosure Mediation Assistance Program (FMAP) to include renter and pre-foreclosure counseling utilizing a network of participating housing counselors in each county. ( Log Out / The following are summaries of actions certain states have taken in response to the Covid-19 crisis to limit home foreclosures. Suspended terminations for non-essential reasons (those not involving violence and/or threats to others) in the Section 8 Housing Choice Voucher (HCV) and State Rental Assistance Program (SRAP); Extended the housing search period for all current voucher holders to the full 120 days allowed by the U.S. Department of Housing and Urban Development (HUD) for those without disabilities or who are not elderly for the housing search period. “Governor Murphy and I understand that this is an extremely stressful time, especially for our most vulnerable residents who are experiencing homelessness or facing eviction,” said Lt. The Foreclosure Office and New Jersey Courts will still be processing new foreclosure actions (that aren’t federally backed) during the eviction moratorium period. If you have lost some or all of your income over the last few months and are worried about losing your home, there is some good news. The moratorium applies to the initiation of foreclosures AND foreclosures already in process. The other 33 states have moratoriums that have expired or never implemented state-mandated moratoriums. All court hearings for contested foreclosures are being held remotely via phone or internet. by veitlaw Even if you cannot pay now, these payments will need to be made later. The one-month extension, while providing some relief for homeowners, is ultimately delaying the inevitable that will come early next … As you may know in response to COVID-19, the CARES Act places a 150-day moratorium ending on July 25, 2020 on any evictions of a tenant for properties secured by a “federally backed mortgage” which includes mortgages insured by FHA, VA, USDA and any mortgage purchased or securitized by Fannie Mae or Freddie Mac. Will I Lose my 401(k) if I File for Bankruptcy in NJ? These executive declarations and court orders provide important relief in a crisis that will lead to severe health and financial consequences for many homeown… Veitengruber Law has years of experience helping NJ homeowners save their homes from foreclosure. ( Log Out / The Governor then immediately signed Executive Order No. Voucher holders needing more than 120 days to identify housing may request extensions through the online portal, via phone call, or mail as needed; Prepared to accept from its clients interim income re-certifications due to decreased income from the public and private responses to COVID-19. Can I Get Fired for Filing for New Jersey Bankruptcy? Governor Sheila Oliver, who serves as DCA Commissioner. ( Log Out / 5:23-2.18), and Certificate requirements (N.J.A.C. That being said, you are still expected to pay your electric, gas, and water bills. Tagged with eviction moratorium, Executive Order 106, NJ foreclosure, NJ foreclosure defense attorney. 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