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Nick Rutkowski
  • Rental Property Investor
  • Ithaca, NY
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NY suspends mortgages for those in economic hardship

Nick Rutkowski
  • Rental Property Investor
  • Ithaca, NY
Posted Mar 19 2020, 12:32

https://therealdeal.com/2020/03/19/cuomo-suspends-foreclosures-and-mortgage-payments/

What I gathered was if you fall on financial hardship and live in NY you can now ask your bank to modify your mortgage. You can prove you're facing hard times then your lender will change your payments and take them on the end of your mortgage. Hope this helps out some fellow NYers who didn't hear the news yet!

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