Foreclosure Archives | City Bar Justice Center

Attention New York Homeowners: Foreclosure Moratorium for FHFA and FHA Loans Are Extended Until the End of 2020

by Sofia Colosimo and K. Scott Kohanowski, Esq.September 8, 2020

On August 27th, the Federal Housing Finance Agency (FHFA) and the US Department of Housing and Urban Development (HUD) announced an extension of the foreclosure moratoria in place for homeowners with mortgages backed by Government Sponsored Enterprises (GSEs) such as Fannie Mae, Freddie Mac, and the Federal Housing Administration (FHA) until at least December 31st, 2020.

Honoring the Spirit of Pride Month: Protecting Vulnerable LGBTQ Homeowners

by Sofia ColosimoJune 16, 2020

June is Pride Month: a time to celebrate the LGBTQ community and commemorate the 1969 Stonewall Riots, during which the New York City LGBTQ community pushed back against pervasive homophobia and systemic persecution from law enforcement. This year, Pride Month has already brought about another necessary and long-overdue victory for the LGBTQ community, as we celebrate the recent landmark United States Supreme Court decision protecting employees from discrimination on the basis of sexual orientation and gender identity.

Dealing With the Financial Impact of the Coronavirus in New York City

by CBJC StaffMarch 18, 2020

With the spread of the coronavirus or COVID-19, communities are being financially impacted as many suffer loss of income as a result of becoming ill or due to the temporary closure of businesses. In these uncertain times, it is important to be proactive when faced with financial distress. Below is a guide including essential tips and resources New Yorkers will find helpful from the City Bar Justice Center.

CBJC Partners with Goldman Sachs for LGBT Homeowner Stability Clinic

by Amelia DunnellJune 15, 2018

LGBT Homeowner Stability Clinic at City Bar Justice Center When: Thursday, June 28th 12:00 PM – 5:30 PM Where: New York City Bar Association 42 West 44th Street New York, NY 10036 LGBT senior and disabled communities face a particular set of challenges to maintaining financial and legal stability. This can include: isolation based on … Continue reading CBJC Partners with Goldman Sachs for LGBT Homeowner Stability Clinic →

Savings for NYC Homeowners with Moderate or Fixed Incomes

by Amelia DunnellApril 6, 2018

New York City residents face a high cost of living. In fact, New Yorkers spend up to 39% more on groceries than the average American, eating out can be up to 67% more costly than the national average, and while the average movie ticket in the United States will set you back $8.97, you’d find … Continue reading Savings for NYC Homeowners with Moderate or Fixed Incomes →

Why Foreclosure Defense Helps Decrease the Racial Wealth Gap

by Brianna NoonanOctober 27, 2016

While foreclosure is no longer as hot a topic as it was in the months following the 2008 Great Recession, it still affects tens of thousands of New Yorkers at rates higher than those before the 2008 crisis.[1] Although new foreclosures are decreasing, subprime-lending related foreclosures continue to have a devastating effect on the racial … Continue reading Why Foreclosure Defense Helps Decrease the Racial Wealth Gap →