New York State Directs Mortgage Payments to be Waived

Home-owners will get mortgage relief thanks to Governor Cuomo.

"It's going to be hard, it's going to be disruptive, but we will get through this together." ~ Governor Andrew M. Cuomo

More: These Stores in Buffalo Have Changed Their Hours (Updated)

More: Buffalo Metro Bus and Rail Safety Precautions and Tips [Interview]

Governor Andrew Cuomo instructed the Department of Financial Services to issue a new directive to New York State mortgage companies to waive payments for 90-days for those suffering from financial hardship due to coronavirus, according to the State of New York website.

Governor Cuomo's directive includes the 90 day moratorium, as well as the following:

• Waiving mortgage payments based on financial hardship;

• No negative reporting to credit bureaus;

• Grace period for loan modification;

• No late payment fees or online payment fees; and

• Postponing or suspending foreclosures.

Here are some other articles you might enjoy:

• 2020 Buffalo Concerts and Shows Guide
• There are More Than 20 Other Cities Named Buffalo
• 10 Best Restaurants in Buffalo According to Yelp
• 13 Menu Items Fast Food Workers Say to Never Order
• Food and Drink Festivals in Buffalo Guide [List]
• 9 Movies Shot in Buffalo
• 7 Bed, 7 Bath Mansion for Sale in Buffalo [PHOTOS]
• 7 Movies You May Not Know Are Set in or Reference Buffalo
• Top 5 Female Gangsters of New York
• 9 Famous People You May Not Know Are From Buffalo
• The Most Infamous Mob Crime Families and Mafia Bosses in Buffalo [List]
• The First Prisoner Ever To Be Killed By The Electric Chair Was From Buffalo!
• The 6 Most Infamous Serial Killers From Buffalo and WNY! [List]