New York provides foreclosure relief for some landlords

New York state has introduced tough new rules that make it more difficult for landlords to evict tenants who can’t afford to pay the rent. At the same time, the law also provides help for smaller landlords, preventing banks from foreclosing on those with less than 10 rental units if they can prove financial hardship.

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Freddie Mac warns of mortgage aid scammers

Scammers are reportedly targeting homeowners with fake offers of financial aid at a time when many are struggling to pay their mortgages due to the coronavirus outbreak. In one example, Freddie Mac last week warned of a new scam that saw borrowers receive fake calls impersonating the mortgage giant, offering low interest rates and other

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New Bill Proposes Extended Foreclosure Relief for Servicemembers

There’s some good news for military servicemembers on the horizon, after Capitol Hill lawmakers agreed on new legislation that would extend foreclosure protection to enlisted personnel who bought their homes after they went on active duty. Known as the Family Home Protection Act (H.R. 1842), the bill takes over from where the old Servicemembers Civil Relief Act left off.

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