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Updated almost 5 years ago on . Most recent reply

User Stats

13
Posts
8
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Rachit M.
  • New Jersey
8
Votes |
13
Posts

Gov. Murphy will order evictions, foreclosures to stop in N.J.

Rachit M.
  • New Jersey
Posted

Just saw this article. Looks like everyone in NJ landlords are affected by this suspending evictions/foreclosures for up to 2 months: https://www.nj.com/coronavirus...

Most Popular Reply

User Stats

750
Posts
386
Votes
Vaughn Smith
  • Lender
  • New Jersey
386
Votes |
750
Posts
Vaughn Smith
  • Lender
  • New Jersey
Replied

@Rachit M. yes thats correct. As a landlord now is a great time to talk to your tenants to see how things are going wit them, and to get a feeling for what their job and financial situation may look like. Owning properties is very much a people business at the end of the day opening up lines of communication with tenants may enable you to be able to negotiate with them a bit if times get tough or they may even give you a heads up that they're about to take a financial hit because of all thats going on so that you can create a contingency plan. 

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