Trump administration BANS most evictions through December, but there’s a catch. This moratorium extension is in addition to the one that FHFA and HUD released last week with regards to the foreclosure and eviction moratorium on Fannie, Freddie and FHA loans. What does this mean for tenants who could have been evicted in coming months? In this video, we discuss the qualifications to receive the extension as well as the document that you must provide to your landlord.
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Articles referenced in this video:
Temporary Halt in Residential Evictions to Prevent the
Further Spread of COVID-19 – https://s3.amazonaws.com/public-inspection.federalregister.gov/2020-19654.pdf
Trump administration bans most evictions through December, but there’s a catch – https://www.housingwire.com/articles/trump-administration-bans-most-evictions-through-december-but-theres-a-catch/
Language from the article from Housing Wire:
“To apply for the new moratorium, tenants must file a form with their landlord stating that they cannot pay rent, have lost substantial household income due to the pandemic, and will make their best effort to pay partial rent. Tenants also have to stipulate that eviction could push them into homelessness or to live with others in close quarters.
Tenants who make less than $99,000 per year (or 198,000 as joint filed) or have received a federal coronavirus aid check earlier this year are eligible.
The order lays out criminal penalties for violating the mandate, but does not relieve tenants of their obligation to pay their rent.”
I hope this housing market update provides you with insight on foreclosure and eviction and what you should do if you need if you are behind on your payments and haven’t filed for mortgage forbearance.
Please let me know your thoughts below: what are your predictions for the housing market 2020 forecast and the housing market 2020 california? Do you believe there is a foreclosure wave coming after the moratorium ends? After watching this video, do you believe there is a real estate bubble or a housing market crash 2020 coming?
Jeb Smith (Huntington Beach Realtor/orange county real estate)
Coldwell Banker Realty
I N S T A G R A M ➳ https://www.instagram.com/jebsmith
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