Levitt & Slafkes Featured On Personal Finance Sites

ruce H. Levitt Offers Advice On How to Make Mortgage Payments During This Time Of Covid-19. End Quote

Newark, NJ (1888PressRelease) June 26, 2020 - Bruce H. Levitt, Managing Partner, Levitt & Slafkes, P.C., was highlighted on NJMoneyHelp.com where he answered the question: “I’m currently deferring making my mortgage payments because I lost my job due to COVID-19. I know the loan will be extended for three months. But if I still don’t have a job, when would I have to worry about foreclosure? How does that work?”

“Roughly two-thirds of all mortgage loans are owned or backed by the federal government. The most common of those loans are FHA, VA, Fannie Mae, and Freddie Mac. In response to the COVID-19 pandemic, the CARES Act, was signed into law on March 27, 2020. Under this law, lenders involved with these types of loans can give an initial forbearance of up to 180 days and can be extended for up to an additional 180 days if the hardship has not been eliminated,” Levitt stated.

Levitt emphasizes that homeowners who have received an initial 90 days of forbearance must contact the lender to request more time. He elaborates further, “For homeowners who find themselves with a mortgage payment due and no ability to pay, foreclosure is a possibility.”

To read the article in its entirety, please click here.

To speak with and/or set up an interview with Bruce H. Levitt, please contact Amy Delman, Amy Delman Public Relations, LLC, 201.563.4614, or amydelmanpr ( @ ) verizon dot net dot

Levitt & Slafkes P.C. is a professional and compassionate legal firm that handles bankruptcies, foreclosures, loan modifications, and business litigation matters. The firm assists clients in personal and small-business bankruptcy cases as well as other debt issues.

Both Bruce Levitt and Shelley Slafkes have helped thousands with debt issues eliminate debt and save their homes. “We wholly understand the problems debt can cause individuals, families, and small businesses and have a proven track record in solving these issues. We pride ourselves on providing high level and compassionate service to each client we represent. Our lawyers know every situation is unique and important. We fight for each client as if we are fighting for our own home and our own family.”

From getting ready to file or exploring every option, Levitt & Slafkes P.C, carefully explains the bankruptcy process so clients can understand and make informed decisions.

For more information, please contact 973-313-1200 or visit www.levittslafkes.com.

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