Foreclosure action is prohibited for the 60 day period beginning March 18, 2020. Multi-family borrowers (assets designed for occupancy of 5 or more families) are entitled to forbearance and foreclosure protection on slightly different terms, and renters of such dwellings are provided eviction protection.

OUR BOTTOM LINE: Do not assume anything with mortgage lenders. Make sure you know exactly what they are granting and how and get it in writing.

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