Will I get a break on my mortgage payments if I lose my job in New York?
The Department of Financial Services in New York has issued a directive to mortgage servicers to provide a 90-day mortgage relief to borrowers impacted by the pandemic.
Foreclosures have been suspended in New York for any resident who can demonstrate financial hardship related to the COVID-19 pandemic. Contact your lender to determine whether you qualify under state or federal deferment or forbearance programs.