New York A04455 halts foreclosure proceedings for mortgage non-payment if the mortgagor has applied for state or federal mortgage assistance funds.

New York Assembly Bill A04455 mandates a pause on foreclosure actions for mortgage non-payment if the mortgagor has applied for assistance from the New York state homeowner assistance fund or any local program administering federal emergency mortgage assistance program funds. This pause remains in effect until the mortgagor's eligibility for assistance is determined. However, if the mortgagor has caused significant damage to the property, the foreclosure can proceed. The bill also stipulates that a mere allegation of damage is insufficient evidence; specific details must be provided.

New York A04455 halts foreclosure proceedings for mortgage non-payment if the mortgagor has applied for state or federal mortgage assistance funds.

New York Assembly Bill A04455 mandates a pause on foreclosure actions for mortgage non-payment if the mortgagor has applied for assistance from the New York state homeowner assistance fund or any local program administering federal emergency mortgage assistance program funds. This pause remains in effect until the mortgagor's eligibility for assistance is determined. However, if the mortgagor has caused significant damage to the property, the foreclosure can proceed. The bill also stipulates that a mere allegation of damage is insufficient evidence; specific details must be provided.