Schiller, Knapp, Lefkowitz & Hertzel, LLP​

Vermont state COVID-19 update provided by Schiller, Knapp, Lefkowitz & Hertzel, LLP

Posted: 06/16/20

FNMA, FHLMC, HUD, VA & USDA have a foreclosure and eviction moratorium in place until  June 30, 2020. The Governor of the State of Vermont signed Amended and Restarted Executive Order No. 01-20 on June 15, 2020 and shall continue through midnight on Wednesday, July 15, 2020. S333 extends the foreclosure stay until 30 days after the SOE ends so owner occupied foreclosures are stayed until August 15.

The Governor of the State of Vermont signed Bill S333 into law on May 14, 2020.  The breakdown of the bill is below:

    • Emergency Period: March 13, 2020 through 30 days after the governor terminates the state of emergency.  Applies to;
      • Residential Dwelling Units – Evictions
      • Dwelling House – Foreclosure
      • Excludes vacant properties where all the following are true:
        1. Factors infer vacancy – utilities disconnected, mail not delivered, empty of necessary household furnishings
        2. Mortgage in default
        3. Attempts to ascertain mortgagor’s residence and reasonable belief no longer mortgagor’s residence
      • Existing Foreclosures and Evictions are stayed, as well as Writs of possession
    • New Foreclosures and Evictions;
      • Allows filing of action
      • Action is immediately stayed, no service until after termination of emergency
    • Emergency applications where relief is necessary due to criminal activity, illegal drug activity, or other circumstances that threaten health, safety, or welfare

Post by – Schiller, Knapp, Lefkowitz & Hertzel, LLP – http://www.schillerknapp.com

Schiller, Knapp, Lefkowitz & Hertzel, LLP​

Vermont state COVID-19 update provided by Schiller, Knapp, Lefkowitz & Hertzel, LLP

Posted: 06/02/20

FNMA, FHLMC, HUD, VA & USDA have a foreclosure and eviction moratorium in place until June 30, 2020. The Governor of the State of Vermont signed Bill S333 into law on May 14, 2020.  The breakdown of the bill is below:

    • Emergency Period: March 13, 2020 through 30 days after the governor terminates the state of emergency.  Applies to;
      • Residential Dwelling Units – Evictions
      • Dwelling House – Foreclosure
      • Excludes vacant properties where all the following are true:
        1. Factors infer vacancy – utilities disconnected, mail not delivered, empty of necessary household furnishings
        2. Mortgage in default
        3. Attempts to ascertain mortgagor’s residence and reasonable belief no longer mortgagor’s residence
      • Existing Foreclosures and Evictions are stayed, as well as Writs of possession
    • New Foreclosures and Evictions;
      • Allows filing of action
      • Action is immediately stayed, no service until after termination of emergency
    • Emergency applications where relief is necessary due to criminal activity, illegal drug activity, or other circumstances that threaten health, safety, or welfare

Post by – Schiller, Knapp, Lefkowitz & Hertzel, LLP – http://www.schillerknapp.com