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Travelle Mason
Pro Member
  • Rockville, MD
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90
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Are there any NEGATIVE IMPACTS for COVID-19 Forebearance?

Travelle Mason
Pro Member
  • Rockville, MD
Posted Jul 31 2020, 11:04

I have heard here and there, and although the finacnial institutions state that if COVID-19 Relief is sought, they will not report it to credit agencies there are lingering questions. 

My question is, are there other ways the COVID-19 Forebearnce could negatively impact future acquisitions?

When a lender looks into an applicant, is there another way the COVID-19 Forebearance will appear? 

If an owner opts-in for the COVID-19 Forebearance, for a particular property but looks to acquire another property during this period, will it be affect the applicant?

Thanks for your participation!

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