Mortgagor's Declaration of Covid-19-related Hardship - New York

Mortgagor's Declaration of Covid-19-related Hardship is a legal document that was released by the New York State Unified Court System - a government authority operating within New York.

FAQ

Q: What is a Mortgagor's Declaration of Covid-19-related Hardship?
A: It is a document that allows New York residents who are facing financial hardships due to the Covid-19 pandemic to request mortgage relief from their lenders.

Q: Who is eligible to use the Mortgagor's Declaration of Covid-19-related Hardship?
A: New York residents who have experienced a Covid-19-related financial hardship and are struggling to make their mortgage payments.

Q: What kind of relief can a person request using this declaration?
A: They can request a 90-day forbearance on mortgage payments and protection against foreclosure proceedings during the Covid-19 pandemic.

Q: What should a person do if they have already received a notice of foreclosure?
A: They should still complete and submit the declaration to their mortgage servicer, as it may provide them with protections against further foreclosure proceedings.

Q: Is there a deadline for submitting the declaration?
A: The declaration can be submitted at any time before the expiration of the Covid-19 state of emergency in New York.

Q: What happens after someone submits the declaration?
A: The mortgage servicer will review the declaration and determine if the person is eligible for the requested relief. They will then communicate with the person regarding their mortgage payment options.