Posts Tagged ‘#coronovirus’

Judge Vacates CDC’s Eviction Ban, But Appeal Delays Action

Judge Vacates CDC’s Eviction Ban A U.S. District Court judge for the District of Columbia ruled Wednesday that the Centers for Disease Control and Prevention’s nationwide eviction moratorium is unlawful, striking down the ban and delivering relief to housing providers who haven’t been able to collect rent from struggling tenants for more than a year. But the…

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Did The Last Round of Stimulus Help Renters Enough?

The latest round of stimulus provided much-needed relief for struggling families and businesses across the United States, especially for renters facing ballooning balances and costly monthly burdens. The package bought renters time, but for how long? New data from Zillow and MRI Software goes over the current state of the rental market and the challenges renters face moving forward.…

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FHFA Extending Foreclosure &; Eviction Moratoriums through March

Foreclosure & Eviction Moratoriums FHFA Extends Foreclosure and REO Eviction Moratoriums and COVID Forbearance Period Borrowers can now be in COVID forbearance for up to 15 months This is a reprint of a Press Release from FHFA. The Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac (the Enterprises) are extending the…

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What the Stimulus Package Means For Real Estate Investors

This is a reprint of an Article from Scott Trent on Bigger Pockets The ongoing pandemic has hit our country hard, causing significant loss of life and changing our habits. We are all looking forward, with the hope that new vaccines will quickly get us back to a new normal. Interestingly, however, from the standpoint…

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How the latest stimulus impacts renters and homeowners

The news has been dominated by whether or not those economically affected by COVID-19 will receive $600 or $1200 from the latest stimulus. As of this writing, the answer is $600.  As a renter or homeowner, what’s the impact of the stimulus. Home Wire provides some detail on how the latest stimulus impacts renters and…

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Governor Pritzker Extends Eviction Moratorium Until January 9

December 14, 2020 Governor Pritzker announced on Friday, December 11 that the eviction moratorium would be extended another month until January 9, 2021. The modifications include specific language regarding a minimum of 5-day notice for eviction actions. Also, the order specifically prohibits an eviction action against “a tenant who does not owe rent” and an…

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Foreclosures in the US Increase as COVID Continues To Rise

Since the start of the COVID-19 pandemic, the United States’ housing market has remained relatively strong, despite record-high unemployment, businesses shutting down, and routine infection rate surges. However, according to ATTOM Data Solutions, our longtime fears may be coming to fruition. In October 2020, the foreclosure rate increased by 21% with a total of 11,673 properties filing for…

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