Mortgage and Rental Payment Relief Updates - COVID-19 - Los Angeles

In conjunction with the “Safer at Home” emergency order there needed to be some protection for property owners and renters. In the present environment many are unable to generate an income. The first city action was to protect tenants from being evicted based on the emergency order. The city is allowing tenants to defer payments for up to 6 months after the end of the emergency period.

Below are form links to help define and facilitate these changes.

NOTICE RE: NON-PAYMENT DUE TO COVID-19 (Notice to Renter of Rights Regarding Non-Payment Due to COVID-10)

NOTICE RE: NON-PAYMENT DUE TO COVID-19 (Tenant Provided Prior Notification to Landlord of Non-Payment Due to COVID-19)

Receipt for Partial Rent Payment (COVID-19 Eviction Moratorium)

In addition, here is a link to the housing department guidelines:
HCIDLA (Housing and Community Investment Department of Los Angeles) - COVID-19 EVICTION MORATORIUM

The next step still being worked on is to see if landlords and homeowners will be granted a deferment of their payments with the knowledge they would be taking in less income based on the above emergency action. The director of FHFA (Federal Housing Finance Agency) recently explained the new Mortgage Assistance Program. This program affects all mortgages guaranteed by Fannie Mae, Freddie Mac, FHA and most of all conforming loans. Some of the large banks have followed suit with their non-conforming portfolio loans as well. To look up your loan go to the links below. In each case you will need to contact your servicer (who may or may not be your lien holder) and navigate their process.

Fannie Mae loan look up: https://www.knowyouroptions.com/loanlookup
Freddie Mac loan look up: https://ww3.freddiemac.com/loanlookup/

We will continue to reach out with useful resources to help you navigate these tough times.
Be safe.