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Mortgage Relief during Covid-19 Crisis


We are definitely in uncharted territory. The COVID-19 crisis is impact all aspects of our daily lives. First and foremost, I hope you are safe and adhering to the stay at home orders. It is about the safety of we and not about me.

I am going to use my blog to help provide information regarding real estate (mortgages, property taxes, etc). I am also available to help for other challenges. Please just call or text me at (818) 917-4169.

If you are having challenges in paying your mortgage on April 1st, there is some relief. This notice "Governor Gavin Newsom Announces Major Financial Relief Package: 90-Day Mortgage Payment Relief During COVID-19 Crisis" outlines the relief measures like:

  • 90-Day Grace Period for Mortgage Payments

  • No Negative Credit Impacts Resulting from Relief

  • Moratorium on Initiating Foreclosure Sales or Evictions

  • Relief from Fees and Charges

You can also find out how to apply for relief here. This page also had a good FAQ. The most pressing one is:

"How do I get mortgage relief and/or forbearance?

You should contact and work directly with your mortgage servicer to learn about and apply for available relief. Please note that financial institutions and their servicers are experiencing high volumes of inquiries."

We have a few days until the 1st and most mortgages aren't late until the 15th of each month, so you have some time. But don't procrastinate. 3.3 million new unemployed Americans just filed for unemployment benefits.

Be safe,

Dennis

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