Will you be evicted now the eviction moratorium has expired? The federal foreclosure and eviction moratorium that was part of the original CARES Act expired last week, so what does that mean for tenants and landlords who might be affected? In this video, I discuss what you should do if you are a tenant who is unable to pay rent or a landlord who has tenants unable to make their monthly payments.
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Articles referenced in this video:
Information on eviction moratoriums and tenant protections by State https://www.nolo.com/legal-encyclopedia/emergency-bans-on-evictions-and-other-tenant-protections-related-to-coronavirus.html
Protections for renters
State and local rental assistance – https://nlihc.org/rental-assistance
HUD Resource for Renters
COVID-19, California Eviction Moratoriums (Bans) and Tenant Protections
Under the Federal Coronavirus Aid, Relief, and Economic Security (CARES) Act passed last March, landlords with federally backed (Fannie Mae, Freddie Mac or HUD) mortgages or who participate in federally assisted rental housing programs, were prevented from starting eviction actions or collecting fees/penalties from tenants based on non-payment of rent. Qualifying tenants also apparently could not be served with “no-cause” lease terminations. These moratoriums, covering roughly 50% of all rental properties, expired on 7/24/20. The Federal Housing Finance Agency (FHFA) instituted a similar moratorium which included single family homes financed by Fannie Mae or Freddie Mac. The FHFA moratorium on single family homes expires 8/31/20 .
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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