Archives
All posts for the day March 27th, 2020
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.
danetteoneal1
Danette O'Neal, PhD 