In these uncertain times we're living in, it can be hard to know where to turn for help about issues arising due to the COVID-19 epidemic.Luckily, the National Association of Realtors compiled a
COVID-19 Resources for Property Owners
In these uncertain times we're living in, it can be hard to know where to turn for help about issues arising due to the COVID-19 epidemic.
Luckily, the National Association of Realtors compiled a list of resources for property owners, ranging from federal agencies to banks to mortgage loan servicers, and more.
Here are some highlights from the list:
- The US Department of Housing and Development has authorized the Federal Housing Administration to implement an immediate foreclosure and eviction moratorium for single-family homeowners with FHA-insured mortgages for the next 60 days to help families remain in their homes. For more details, view the full press release here.
- Fannie Mae and Freddie Mac have issued similar guidance, including suspension of evictions and foreclosures for 60 days, offering forbearance plans to reduce or suspend mortgage payments for up to a year, and more. For more information, see Fannie Mae's page here and Freddie Mac's here.
- The Consumer Financial Protection Bureau is focused on financial protection, by helping consumers protect their credit and provided resources relating to income loss, paying bills, and scam targeting. See the full list of the CFPB's resources here.
Other resources including information about taxes, student loans, guidance for small businesses, and more. See the complete list of resources provided by the National Association of Realtors here.
Here at Innovative Realty Group and Innovative Lending, we're ready to help in any way we can, and to answer any questions you may have. Please don't hesitate to reach out to us. We're only a phone call, text, or email away!
Buying or selling a house is one of the largest investments you will make in your life; my goal is to make the process as easy as possible! My interest in real estate began years ago when I was work....