Here are links to the critical programs so that you can learn more and get the help you need (Please share these links with your family, friends, and colleagues): · Small Business CARES Relief Grants (Application Open 12/7-12/18) · NM Economic Development Department Webinar on the Small Business CARES Relief Grants. New Mexico Worker Pandemic […]
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Helpful Website Concerning COVID-19 Financial Relief Options
Consumer Litigation Associates have created a website, http://www.consumer.law, to provide a central source of information for consumers facing financial challenges during the COVID-19 crisis. This website includes lists of hardship programs for mortgage, auto, credit card and student loan lenders. If you need financial help due to COVID-19 hardship, this website is a great resource.
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CFPB Warns Mortgage Servicers to Start Complying with CARES Act Protections
On June 19, 2020, the Consumer Financial Protection Bureau (”CFPB”) put mortgage servicers on notice, urging them to comply with credit reporting obligations amid record numbers of consumer complaints. The CFPB saw its highest-ever complaint volumes in April and May 2020, due to COVID-19-related complaints. Complaints about mortgages were most common among the COVID-19-related complaints. […]
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If You Are Having Trouble Obtaining Adequate Relief from Your Mortgage Servicer
COVID-19 has caused not just a health crisis. For many New Mexico families, it has also caused an economic crisis. Most mortgage servicers are allowing homeowners to defer payments for three months. Most are also requiring full payment for the deferred three months, plus the fourth month payment, on month four. This solution is no […]
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New Mexico Protects Garnishment of Stimulus Checks
On June 5, 2020, the New Mexico Supreme Court ordered that all garnishments in collection lawsuits against consumers were stayed until further notice because of COVID-19. This Order protects stimulus checks from garnishment. Garnishments related to child support or spousal support are not stayed. A copy of the Order and the Press Release are […]
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Post-Forbearance Options for Homeowners
Many homeowners are questioning whether it is prudent to take advantage of the forbearance plans currently offered by mortgage servicers. They are concerned that the forbearance plans may leave them worse off since most are for three months with a lump sum payment for the three months in arrears, plus the fourth month, due on […]
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Creditors, Mortgage Servicers, Landlords and Debt Collectors Are Ignoring COVID-19 Protections
Provisions of the CARES Act and consumer protections enacted by the New Mexico Governor or the New Mexico Supreme Court are being ignored by creditors, mortgage servicers, landlords and debt collectors. Garnishment, foreclosure and evictions should not be happening in many instances. Even the threat to garnish, foreclose or evict might be a violation […]
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New Mexico Superintendent of Insurance Sets Up Call Center to Address Health Insurance Questions Related to COVID-19
New Mexicans with questions about health insurance coverage related to COVID-19 now have a call center for quick answers. On May 1, 2020, the Office of the Superintendent of Insurance launched the toll-free call center. It will answer questions 8 a.m. to 6 p.m. Monday through Saturday. Consumers are urged to call the call center […]
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Unfair Garnishment of Stimulus Checks in New Mexico
The CARES Act was supposed to get money directly to Americans quickly. Folks need it. They are out of work through no fault of their own. Unlike many other states, New Mexico has not acted to protect stimulus checks from unfair garnishment. Since so many New Mexicans have nothing to fall back on, this failure […]
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COVID-19 Protections Available for Fannie Mae Mortgages
Many mortgages are held by Fannie Mae. Although you make your payments to another company – called the mortgage servicer – Fannie Mae, which is a quasi-governmental entity, holds the mortgage. In response to the CARES Act, Fannie Mae has issued instructions to the servicers of its mortgages. Treinen Law Office PC is happy to […]
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