Here is the language that I was given by my agent to use in the contract:Notwithstanding any other provisions of this Agreement, the parties agree and acknowledge that in the event either the Buyer, Buyer’s lender, Seller, any of their respective service providers, government agency or any other agency becomes the subject of a voluntary or mandatory COVID-19 virus quarantine or closure prior to or at the time of Closing, or if Buyer or Seller is the party to another transaction that is delayed as a result of a voluntary or mandatory COVID-19 virus quarantine, that results in the parties inability to perform on the Closing Date, the closing may be automatically extended by either party for a period of up to ten (10) business days after such quarantine or closure order is lifted, up to a maximum delay of thirty (30) days unless the parties otherwise mutually agree to extend the performance date further.

To get a good picture of collections, one should compare the first five business days.

As a RE Agent, how many showings have you had in the past 10 business days?

In the course of three days, they announced that processing time for draws is being extended from 3 business days to 7-10 days, LTV maxes out at 70% for refinances, and that they are no longer closing rental loans.

Now I've got a portfolio of rentals, and rent literally comes in every business day of the month... it's the most life changing thing I've ever experienced.

We continue to fund 20-30 new loans per business day.

If you made one offer per business day using numbers that work for you, it would, on average, take you 5 weeks to get a deal with a 25 to 1 ratio. 

Now with that being said, we are going to write in to our contract that we have 15 business days to check title, mortgage, inspect, etc and any issues that arise could be grounds to cancel the contract.

Now I've got a portfolio of rentals, and rent literally comes in every business day of the month... it's the most life changing thing I've ever experienced.

Only downside is the delay in the deposit (4-5 business days) but that's a fair trade off IMO.