Governor Murphy Signs Executive Order Regarding Foreclosures and Evictions in New Jersey Print PDF
Last night, in an effort to address the ongoing impact of COVID-19, Governor Phil Murphy signed into law A-3859, which provided him with authority to issue an executive order “declaring a moratorium on removing individuals from their homes pursuant to an eviction or foreclosure proceeding.” Governor Murphy then immediately signed Executive Order No. 106, imposing such a moratorium. The Executive Order places multiple restrictions on how lenders and servicers are permitted to proceed regarding foreclosures, evictions, and schedules of rent. These restrictions are in addition to those previously announced by HUD, Fannie Mae, and Freddie Mac regarding foreclosure and evictions. A link to the Executive Order can be found at: https://nj.gov/infobank/eo/056murphy/pdf/EO-106.pdf.
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