New York State Governor Andrew M. Cuomo extended the State’s moratorium on COVID-related commercial evictions and foreclosures through January 1, 2021.
The Executive Order extends protections already in place in recognition of the financial toll the COVID-19 pandemic has taken on businesses, including restaurants.
The extension gives commercial tenants and mortgagors additional time to catch up on payments or to renegotiate lease and mortgage terms to avoid eviction or foreclosure in 2021.
As experienced foreclosure attorneys we can help you navigate new terms on your lease or mortgage.
We are here for you.