April 8, 2020 - Rava Realty

How NYC Real Estate is dealing with coronavirus

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On Thursday, Cuomo said mortgage payments and foreclosures in New York will be suspended for 90 days in light of the pandemic. There will also be a grace period for loan modification, no negative reporting to credit bureaus and no late or online payment fees for the next three months.

Evictions are suspended indefinitely. New York state has suspended eviction proceedings and pending eviction orders until further notice.

Some lawmakers want to suspend construction in the city during the outbreak both to ...

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