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In December 2020, the New York State Legislature passed a state moratorium on evictions. [11] In May 2021, the legislature extended the moratorium until August 31. [12]The Supreme Court struck down a provision of the state moratorium that protected people who filed a form declaring economic hardship, rather than providing evidence in court.
The CARES Act also provided protection from foreclosure until August 31, 2020, for homeowners with federally backed mortgages. [40] The CARES Act also allows mortgage holders the right to a mortgage forbearance for up to 180 days, with another 180 days on request. [41] [42] Several states also passed foreclosure moratoriums as well. [43]
The report also highlights the states with the longest average time to foreclosure, with Louisiana having the highest average of days in process (3,686 days), followed by Hawaii (2,597 days), New ...
Between 2020 and 2022, insurance companies declined to renew 2.8 million homeowner policies in California, including 531,000 in Los Angeles County, according to data from the California Department ...
The New York Daily News [6] and the Wall Street Journal reported that OneWest Bank had started foreclosure proceedings on 137,000 homeowners. [ 7 ] On November 25, 2009, Judge Jeffrey Spinner in Long Island, New York, penalized OneWest for their “harsh, repugnant, shocking and repulsive” actions in trying to work out a distressed mortgage ...
The New York metropolitan area led the nation with a 69% increase in filings related to the foreclosure and repossession process, even as much of the rest of the country saw declines.
In May 2020, Assemblyman Rob Bonta (D-Oakland) introduced the "Housing is a Human Right Act" to amend the California constitution, but it did not pass. [22] In September 2020, California Governor Gavin Newsom signed into law Senate Bill 1079, which had been introduced by Skinner. CBS News reported the legislation was inspired by Moms 4 Housing ...
That same year, more than 236,000 homes were lost to foreclosure in California alone, according to the Los Angeles Times. The settlement Harris was negotiating was meant to provide much-needed ...