This Week's Trends: a COVID-19 Report

This week’s top trend is loss mitigation. Because banks cannot focus on trying to take people’s homes right now, due to the Governor’s and NYDFS’ orders and regulations, they are having employees in multiple departments field phone calls about loan modifications and short sales. In a nutshell, now is a very good time to try to modify your loan or apply for another workout solution with your servicer, whether it’s Wells Fargo, Cenlar, PHH, Ocwen, or any other servicer. Email us if you’d like more info about loan modifications.

We are also receiving many inquiries about bankruptcy, unemployment, and eviction this week. Drop us a line if you have an inquiry. We’d love to help.