Mortgage Payment Suspension
182 Posts | 19 Discussions
Mortgage Forbearance End Date Extension
The Biden Administration has extended the ban on foreclosures and mortgage forbearance through June 2021.
This is an extension of the CARES Act previously enacted by the prior administration. Close to 25% of... View more
Decrease in forbearance statistics
Per the report, forbearance numbers are decreasing and businesses are reopening slowly and steadily. With that said, do you still see the market will be flooded with foreclosures in the next 8 to 12 months... View more
Forbearance benefits and downsides
I've decided to use the forbearance option on all of my properties due to COVID-19 related hardships, and it has really helped to pad my bank account. A recent conversation with a client/friend of mine made me question... View more
Fannie Mae, Forbearance on rental property (single family homes)
Does anyone have clarification: I have 2 single family rentals that have been impacted by Coronavirus Pandemic. The loans are serviced by Provident Funding and owned by Fannie Mae. Do the loans qualify for full... View more
Eviction moratorium? How about mortgage moratorium?
We are hearing about some municipalities and counties across the country halting evictions because of the Pandemic. OK, I get that. Don't like it, but I understand. So the next question is: will mortgage lenders... View more
Fannie Mae, Forbearance on rental property (single family homes)
Does anyone have clarification: I have 2 single family rentals that have been impacted by Coronavirus Pandemic. The loans are serviced by Provident Funding and owned by Fannie Mae. Do the loans qualify for full... View more
Loan Forbearance impact on Credit or ability to Refinance?
Hi ya'll
What are your opinions or has anyone had some experience with Loan forbearance?
Has anyone tried getting a loan modification at the end of their forbearance period? What do you think the options will be?... View more
BREAKING: HUD to suspend all Evictions & Foreclosures thru April
**BREAKING NEWS**The White House has just announced a directive to HUD to suspend all evictions and foreclosures through the end of April.This is a breaking news story and we will be updating as this story... View more
Mortgage Forbearance Question
If I take a forbearance period with my mortgage company due to the COVID19 for lets say a three month period, can I then have another bank buy out my loan? In turn avoiding three months of payments....The idea is to... View more
My response to COVID
This may not be for everyone but here is what I am doing. We are all in this together and we are all going to take a hit. I live in Nevada and have 13 single family rentals. I am taking a proactive approach. I have... View more