You are an owner-occupant if you own and live in your home and rent part of it out to tenants.
What can I do if I am having trouble paying my mortgage because of the COVID-19 pandemic?
You may be able to get help paying your mortgage. Through the state’s RAFT and ERMA programs, you may be able to get up to $10,000 to make mortgage payments. You can use this money to pay for overdue or future mortgage payments.
What can I do to avoid foreclosure?
If you are concerned about making your mortgage payments, contact your mortgage servicer right away. The mortgage servicer is the company you send your monthly payment to. Their telephone number and mailing address should be on your monthly mortgage statement. They may be willing to make your monthly payment more affordable. The earlier you talk to them, the better your chances are of working out a solution. Missed payments can cause late fees and other fees.
What can I do if I have a dispute with my tenant?
If you are having a dispute with a tenant, you can try mediation, legal help, or both. Mediation can help you work out an agreement with your tenant before you go to court. Some local organizations offer free mediation. You may also be eligible for free legal help to avoid court or help you through the eviction process.
What can I do if my tenant loses their job and cannot pay their rent?
If you own less than 20 apartments, you can apply for rental assistance for your tenants through the state’s RAFT or ERMA programs. You need to work with your tenants before you apply.