[update] Get Financial Help from:
NJ Housing & Mortgage Finance Agency
https://njhousing.gov/foreclosure/
Are there any protections against evictions and foreclosures?
Yes. On March 19, Executive Order No. 106 imposed a moratorium on removing individuals from their homes pursuant to an eviction or foreclosure proceeding. This move will ensure that no renter or homeowner is removed from their residence while this Order is in effect. Updated/Reviewed: 3/19/2020 Source: https://nj.gov/governor/news/news/562020/approved/20200319c.shtml
http://www.koreatimes.com/article/1338015
뉴저지, 세입자·주택소유주 구제 나선다
뉴저지에서 신종 코로나바이러스 감염증(코로나19) 사태로 경제난을 겪고 있는 세입자 및 주택 모기지 이용자 구제를 위한 ‘피플스 법’(People’s Bill)이 본격 추진된다.
필 머피 주지사가 최근 주의회에 세입자 구제 등을 위한 법안 처리를 촉구하면서 스티븐 스위니 주상원의장 등은 “법안에 대한 공감대가 형성되면 이르면 다음달 표결에 부칠 수 있을 것”이라는 의사를 밝혔다.
이 법안은 코로나19로 인한 경제난으로 인해 렌트비나 모기지를 제대로 납부하지 못하고 있는 세입자나 주택 소유주 구제가 골자다.
법안에 따르면 일정 소득 이하의 세입자를 대상으로
▲코로나19로 실직 또는 수입 감소
▲코로나19로 인한 장례비용
▲코로나19로 인한 자녀 양육비 증가 등으로 인해 지난 3월9일 이후 렌트비를 제때 내지 못했다면 집주인은 코로나19에 따른 공공보건 비상사태가 종식된 이후 세입자 퇴거 조치 대신 미납 렌트비 상환 계획을 제공해야 한다.
집주인과 세입자는 상호간에 상환 계획을 합의해야 하지만, 합의에 이르지 못할 경우 기본적으로 1개월 렌트 미납금을 6개월에 나눠 상환하도록 돼 있다.
예를 들어 한달 렌트비가 1,200달러이고 두 달을 미납해 2,400달러가 연체됐을 경우 세입자는 한달에 200달러씩 1년에 걸쳐 상환할 수 있다. 다만 5개월 이상 연체했을 경우라도 상환 기간은 최대 2년 6개월을 넘겨서는 안 된다. 또 세입자가 상환 계획을 지키지 않았을 경우 집주인은 퇴거 조치를 밟을 수 있다.
법안에 따르면 모기지 납부자의 경우에도 일정 소득 이하를 대상으로 코로나19에 따른 경제적 손실이 입증되면 은행에 모기지 납부를 최대 90일까지 유예 등 구제 조치를 요청할 수 있다. 또 은행은 미납 모기지를 한꺼번에 상환받는 것이 아닌 모기지 대출기간 연장 등의 방법으로 주택 소유주의 부담을 줄여줘야 한다.
The Department of Banking and Insurance has requested that banks add forbearance payments to the end of the life of the loan, rather than requiring a consumer to make a lump sum payment after the 90-day grace period ends. However, specific terms of forbearance plans are set by the investor of your loan.
https://covid19.nj.gov/NJfaqs?query=MORTGAGGE&Facets.filterbox.filter0=%5B%5D
If your bank or mortgage service is not cooperative, you can file a complaint online with the Department of Banking and Insurance or by calling (609) 292-7272 or 1-800-446-7467.
Murphy announces 90-day mortgage grace period — and asks banks for more help, too (UPDATED)
https://www.roi-nj.com/2020/03/28/real_estate/murphy-announces-90-day-mortgage-grace-period-for-homeowners/
Governor Murphy Announces Mortgage Payment Relief, Financial Protections for New Jerseyans Facing Economic Hardship as a Result of COVID-19
TRENTON – Acting on a commitment to provide financial relief to New Jersey homeowners, Governor Phil Murphy today announced that financial institutions will provide mortgage forbearance and financial protections for New Jerseyans facing economic hardship as a result COVID-19.
“Millions of hardworking New Jerseyans are suffering financial losses through no fault of their own as a result of the economic downturn brought on by COVID-19,” said Governor Murphy. “With this initiative, we can ensure that no one loses their home during this public health crisis. I commend our private sector partners for doing their part to reduce financial uncertainty for New Jersey families.”
Building on a similar initiative in California, Governor Murphy secured support from Citigroup, JPMorgan Chase, U.S. Bank, Wells Fargo, and Bank of America, in addition to over 40 other federal and state-chartered banks, credit unions, and servicers to protect New Jersey homeowners. More financial institutions are expected to sign on in the coming days. The New Jersey Bankers Association, CrossState Credit Union Association and the Mortgage Bankers Association of New Jersey have endorsed this initiative and are encouraging all their members to adopt these policies.
Under Governor Murphy’s proposal, New Jerseyans who are struggling financially as a result of COVID-19 may be eligible for the following relief upon contacting their financial institution:
90-Day Grace Period for Mortgage Payments
Financial institutions will offer, consistent with applicable guidelines, mortgage payment forbearances of up to 90 days to borrowers economically impacted by COVID-19. In addition, those institutions will:
Provide borrowers a streamlined process to request a forbearance for COVID-19-related reasons, supported with available documentation;Confirm approval of and terms of forbearance program; andProvide borrowers the opportunity to request additional relief, as practicable, upon continued showing of hardship due to COVID-19.
No Negative Credit Impacts Resulting from Relief
Financial institutions will not report derogatory tradelines (e.g., late payments) to credit reporting agencies, consistent with applicable guidelines, for borrowers taking advantage of COVID-19-related relief.
Moratorium on Initiating Foreclosure Sales or Evictions
For at least 60 days, financial institutions will not initiate foreclosure sales or evictions, consistent with applicable guidelines.
Relief from Fees and Charges
For at least 90 days, financial institutions will waive or refund at least the following for customers who have requested assistance:
Mortgage-related late fees; andOther fees, including early CD withdrawals (subject to applicable federal regulations).
Please note that financial institutions and their servicers are experiencing high volumes of inquiries and may recommend using online services when available for the quickest service. Loans held by a financial institution may be serviced by another company.
Last week, Governor Murphy signed Executive Order No. 106, which imposed a moratorium on removing individuals from their homes pursuant to an eviction or foreclosure proceeding while the Order is in effect. Tenants cannot be asked to leave their homes for nonpayment of rent during this time.
Governor Murphy also announced that the Department of Community Affairs received an additional $13 million in federal funds as part of its annual renewal for the Section 8 Housing Choice Voucher Program. These funds, based on the increased utilization New Jersey achieved in the program last year, are critical to helping current voucher tenants maintain their housing stability during the coming year.
For more information on COVID-19 related mortgage relief, please click here.
03/28/2020
https://www.nj.gov/governor/news/news/562020/approved/20200328c.shtml
Has the State enacted any protections from eviction or foreclosure?
On March 19, 2020, Governor Murphy issued Executive Order 106, which states that any lessee, tenant, homeowner or any other person shall not be removed from a residential property as the result of an eviction or foreclosure proceeding. The Executive Order was based on legislation passed by the State legislature. Additional information regarding the Executive Order can be found here: https://nj.gov/infobank/eo/056murphy/pdf/EO-106.pdf Updated/Reviewed: 3/19/2020 Source: https://nj.gov/infobank/eo/056murphy/pdf/EO-106.pdf