News & Analysis as of September 24, 2024

Financial Distress

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Foreclosure is a legal process whereby a lender seeks to force the sale of a mortgaged property in order to recover the balance of a delinquent loan. Recently, the foreclosure process has been the subject of greater legislative and judicial scrutiny after systemic abuses were uncovered during the widespread foreclosure crisis resulting from the Great Recession. less -

Bring On Q4 - September 2021 - COVID-19 Update: New York Governor Signs New Moratorium Effective until January 15, 2022

Cadwalader, Wickersham & Taft LLP on 9/30/2021

On September 2, 2021, New York Governor Kathy Hochul signed into law a new moratorium on evictions and foreclosures for residential tenants and small businesses. Recently, in the case Chrysafis v. Marks, the U.S. Supreme...more

COVID-19 Update: New York Governor Signs New Moratorium Effective until January 2022

Cadwalader, Wickersham & Taft LLP on 9/7/2021

COVID-19 Update: Governor Cuomo Extends Eviction and Foreclosure Moratorium until August 31

Cadwalader, Wickersham & Taft LLP on 5/6/2021

On May 5, 2021, New York Governor Andrew Cuomo signed a bill that extends the moratorium on evictions and foreclosures for residential tenants and small businesses to August 31, 2021. The previous moratorium expired May 1,...more

COVID-19 Update: Governor Cuomo Extends Eviction Protections for Small Businesses That Demonstrate a Financial Hardship

Cadwalader, Wickersham & Taft LLP on 3/16/2021

In December, New York Governor Andrew Cuomo signed the COVID-19 Emergency Eviction and Foreclosure Prevention Act of 2020, which provided a moratorium on residential eviction and foreclosure proceedings until May 1, 2021....more

Changes to State of California COVID-19 Tenant Relief Act of 2020

Polsinelli on 10/12/2020

On August 31, 2020 California Governor Gavin Newsom signed the “COVID-19 Tenant Relief Act of 2020” and the “COVID-19 Small Landlord and Homeowner Relief Act of 2020” (herein, together, the “Act”), which became effective...more

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