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RENTAL ASSISTANCE UPDATE
The stays contained within the Covid-19 Emergency Eviction and Foreclosure Prevention Act (CEEFPA) and Covid-19 Emergency Protect our Small Businesses Act (CEEPSBA) have been extended through August 31, 2021. On April 16, 2021 the Covid-19 Emergency Rental Assistance Program (CERAP) was enacted to provide rent payments on behalf of low- and moderate-income households experiencing hardship due to Covid-19. Tenants may receive up to twelve months of rental and utility assistance for arrears along with three months of prospective rental assistance. Following is an overview of the major points; applicants need to be familiar with all components of the Act.
FRAUDULENT MORTGAGE PAYOFF LETTERS
We have been hearing from Title Companies about an increase in the use of fraudulent mortgage payoff letters. As a consequence, many Title Agents are modifying their procedures for satisfying mortgages at closings such as requiring that the Title Agent receive payoff letters at least 24 hours prior to closing in order to have sufficient time to verify the authenticity of the payoff letter. Also needed to be verified is the telephone number for the payee bank, the address or wire instructions provided in the payoff letter so as to avoid payoff funds being sent to the fraudsters.
NOTICE DISCLOSING TENANTS’ RIGHTS TO REASONABLE ACCOMMODATIONS FOR PERSONS WITH DISABILITIES
Governor Andrew M. Cuomo today signed the COVID-19 Emergency Eviction and Foreclosure Prevention Act of 2020 (“Act”). The Act (S.9114/A.11181) prevents residential evictions, foreclosure proceedings, credit discrimination and negative credit reporting related to the COVID-19 pandemic. It also extends the Senior Citizens' Homeowner Exemption and Disabled Homeowner Exemption from 2020 to 2021.
SUPREME COURT, NEW YORK COUNTY, IN A SUMMARY JUDGMENT MOTION, AWARDS A COMMERCIAL LANDLORD $1,680,454 IN UNPAID RENT, PLUS INTEREST AND LEGAL FEES, REJECTING TENANT’S DEFENSES OF FRUSTRATION OF PURPOSE AND IMPOSSIBILITY OF PERFORMANCE BASED UPON COVID-19
Governor Andrew M. Cuomo today signed the COVID-19 Emergency Eviction and Foreclosure Prevention Act of 2020 (“Act”). The Act (S.9114/A.11181) prevents residential evictions, foreclosure proceedings, credit discrimination and negative credit reporting related to the COVID-19 pandemic. It also extends the Senior Citizens' Homeowner Exemption and Disabled Homeowner Exemption from 2020 to 2021.
THE COVID-19 Emergency Eviction and Foreclosure Prevention Act: PART A – Residential Evictions and Proceedings
The COVID-19 Emergency Eviction and Foreclosure Prevention Act (“Act”) is the toughest bill yet to block residential eviction proceedings. This Blog post will focus only on Part A of the Act which deals with Landlord/Tenant Eviction matters.
NEW YORK STATE LEGISLATION PLACES AN ADDITIONAL MORATORIUM ON COVID-RELATED RESIDENTIAL EVICTIONS AND FORECLOSURE PROCEEDINGS
Governor Andrew M. Cuomo today signed the COVID-19 Emergency Eviction and Foreclosure Prevention Act of 2020 (“Act”). The Act (S.9114/A.11181) prevents residential evictions, foreclosure proceedings, credit discrimination and negative credit reporting related to the COVID-19 pandemic. It also extends the Senior Citizens' Homeowner Exemption and Disabled Homeowner Exemption from 2020 to 2021.
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