Feature Post

New Jersey Gov. Phil Murphy announces 90-day grace period on mortgages

New Jersey Governor Phil Murphy speaks after taking the oath of office in Trenton, New Jersey, January 16, 2018.

Lucas Jackson | Reuters

New Jersey homeowners whose finances have been affected by the novel coronavirus will get a 90-day reprieve on their mortgage payments, said Gov. Phil Murphy on Saturday.

Lenders will also waive late fees and other expenses that borrowers would otherwise incur due to the grace period, Murphy announced in a tweet.

The banks are offering a mortgage payment forbearance of up to 90 days for COVID-19 related reasons. In a forbearance, mortgage holders can pause or reduce the amount they pay each month for a specified period of time. 

Under the deal with New Jersey, lenders will provide homeowners with a streamlined process to apply for forbearance. They will offer borrowers a chance to ask for more relief, if they continue to show they’re facing hardship

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“Listing Impossible” star says coronavirus may crush real estate market

Newly constructed single family homes are shown for sale in Encinitas, California, July 31, 2019.

Mike Blake | Reuters

With more than 92,000 coronavirus cases and at least 1,380 deaths in the U.S. that have been linked to COVID-19, the U.S. currently has the most reported cases of coronavirus across the globe, putting life on hold for millions of Americans. This, as U.S. jobless claims surged to 3.283 million Thursday.

Not surprisingly, among the latest sectors that has now ground to a screeching halt: real estate.

According to a flash survey on March 16 and 17 by the National Association of Realtors, Realtors across the country are canceling their open houses and half of all agents reported a drop in buyer interest. That percentage tripled in just a week. Today that percentage is almost certainly much higher.

The survey polled a random sample of 72,734 members on March 16

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On-the-move actress finds value in minimal decor

Two years in her East Hollywood apartment marks a milestone of stability for Mexican actress Cristina Rodlo, who had been relocating since she was 18 among Mexico, Los Angeles, Vancouver and New York, where her acting training began.

Life on the move left its mark on the 29-year-old, who enjoys clean, “simple and white,” minimally decorated spaces — her sunny living room, for example.

“I learned that the only way to be able to move and survive was to own as little as possible and not get attached to anything either. If I buy something it’s because I really like it and needed to have it,” said Rodlo, whose recent shows include Amazon’s “Too Old to Die Young,” AMC’s “The Terror: Infamy” and Paramount Network’s Kafkaesque dramedy “68 Whiskey.”

A circular, gold-rimmed mirror, various shots taken by photographer friends and a large, framed “2016 Guide to Manhattan” street map (also

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