Gov. Murphy Announces 90 Day NJ Coronavirus Mortgage Relief

Governor Phil Murphy has announced a relief initiative for homeowners unable to make their mortgage payments due to the Coronavirus, effective March 28, 2020. Under this plan, New Jersey residents facing hardship due to COVID-19 may be eligible for:

• A 90-Day Grace Period for Mortgage Payments
• Waived or Refunded Fees and Charges for 90 Days
• No New Foreclosures for 60 Days
• No Credit Score Changes Due to Coronavirus Relief

The announcement suggests that homeowners interested in this relief contact their mortgage servicer to discuss options.

Read the Full Statement from the State of New Jersey Here

We Can Assist You With NJ Coronavirus-Related Mortgage Issues

If you want attorney representation, contact Ira J. Metrick, Esq. today to:

1. Conduct the lookups to see if your loan is federally owned or backed ($250);
2. Prepare a Request for Information for your mortgage servicer to confirm the loan is on hold and ask for a Forbearance ($250); or
3. Provide letters of representation to your mortgage company and the Court and receive, forward and explain all future notices ($750).

In addition, if you use any of our services, we will credit $250 towards any additional representation for you, your friends or family, if they retain us to make an application for any loan modification. Ira J. Metrick can be reached at ira@metrickesq.com or 732-462-7000.

Is My Lender Offering Coronavirus Mortgage Relief?

Currently, the following banks and mortgage servicing companies are supporting the State of New Jersey in this relief effort (Updated 3/31/20):