More than 11 million families are at risk of losing housing when federal coronavirus eviction and foreclosure protections expire later this year, according to a report released Monday by the Consumer Financial Protection Bureau (CFPB).
Analyzing private sector and federal data, the CFPB found that 2.1 million homeowners are at least 90 days behind on mortgage payments and 8.8 million households are behind on rent.
Some homeowners and renters who’ve been unable to cover housing payments due to coronavirus-related expenses have been able to avoid homelessness thanks to a patchwork of federal and state bans on evictions and foreclosures. Millions of homeowners have also opted into forbearance to delay mortgage payments for several months.
But the CFPB warned that those families, while safe for now, will face housing insecurity when protections expire and the bill for missed rent or mortgage payments comes due.
Read more at The Hill.
{Matzav.com}
I’m not in the real estate business but many of my friends are.
They say that many of their tenants took advantage of the no eviction rules.
Even if they can pay knowing that they won’t be evicted for the year they just didn’t bother. Over a year of stolen rent is “worth” the eviction afterwards.
But yet I was forced to pay my heimishe landlord rent. Why? That’s not dina dimalchusa dina. If the goyim see that I’m forced to pay my rent, it might cause aiva. Is it only masks & social distancing that causes aiva?
Well our stupid politicians said they don’t have to pay rent so what did they think was gonna happen??
President Trump’s NESARA will take care of this problem. In fact, it has already started.