For Monroe County residents experiencing mortgage payment difficulties due to financial hardship related to COVID-19, there are valuable options to help defer and reduce payments. This link provides helpful information about various options available to mortgagees, such as forbearance, payment deferrals at the end of a forbearance period, and loan modifications (in English and Spanish): https://www.fanniemae.com/heretohelp/kyo/index.html.
If your mortgage is covered by the CARES Act, meaning it is backed by the federal government (many mortgages qualify), limited documentation is needed to show that financial circumstances were/are impacted by COVID-19. Under the CARES Act, federally backed mortgagees may extend forbearance plans for up to 12 months. Right now, there is still a federal moratorium on evictions and foreclosures of single-family properties with federally backed mortgages through Aug. 31, 2020.
To determine if your mortgage qualifies for assistance under the CARES Act, visit https://www.knowyouroptions.com/loanlookup. In addition, many local banks/credit unions who may be holding mortgages (not federally backed) may have programs in place to forebear or defer payments. Monroe County also has a local rental and mortgage relief funding program for those who are behind in payments at www.monroecounty-fl.gov/covidhousingassistance.