Section 1 of the Governor's order addresses residential mortgage foreclosures and follows-up his order order from March 19th, which was the subject of my March 28th post. Here are the highlights:
- Residential mortgage foreclosure actions based upon nonpayment cannot be filed until August 1.
- This does not change the federal order that prevents FHA-insured mortgages from being foreclosed through August 31.
- Foreclosure actions on vacant or abandoned property can proceed.
