Stimulus Bill Mortgage help:
Compliments of Danette ONeal Realtors Nola 504.365.7325; ATL- 770.981.1999
Mortgage Forbearance
Borrowers of government-backed mortgages can request up to 360-day payment forbearance.
Proof of hardship isn’t necessary.
No additional fees, interest, or penalties can be assessed for the forbearance.
Except for abandoned or vacant property, no foreclosure actions for 60 days from 3/18/2020.
The stimulus bill may allow the Treasury/FHFA/Fed to create a potential liquidity facility for servicers, but the mechanics of how this access would work must ultimately be decided by the Administration.
The Senate relief bill would send money to Americans and greatly expand unemployment coverage.
— Read on www.nytimes.com/article/coronavirus-stimulus-package-questions-answers.html
California utility Pacific Gas and Electric has agreed to plead guilty to 84 counts of involuntary manslaughter in connection with the state’s devastating 2018 Camp Fire. PG&E also agreed to plead guilty to one count of starting the fire, which state investigators say began with a failure of the company’s electrical lines. Under the deal, PG&E will establish a $13.5 billion trust to compensate victims of the Camp Fire and other wildfires, as well as pay hundreds of millions to local entities affected by the blazes. The utility filed for bankruptcy in January 2019 under the pressure of billions of dollars in claims related to the fires. The Camp Fire killed 85 people and destroyed thousands of structures.
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