.— The term ‘‘Federally backed mortgage loan’’ includes any loan which is secured by a first or subordinate lien on residential real property (including individual units of condominiums and cooperatives) designed principally for the occupancy of from 1- to 4- families that is— (A) insured by the Federal Housing Administration under title II of the National Housing Act (12 U.S.C. 1707 et seq.); (B) insured under section 255 of the National Housing Act (12 U.S.C. 1715z–20); (C) guaranteed under section 184 or 184A of the Housing and Community Development 3 Act of 1992 (12 U.S.C. 1715z–13a, 1715z– 4 13b); (D) guaranteed or insured by the Department of Veterans Affairs; (E) guaranteed or insured by the Department of Agriculture; (F) made by the Department of Agriculture; or (G) purchased or securitized by the Federal Home Loan Mortgage Corporation or the Federal National Mortgage Association.

Exceptions are made for healthcare facility construction directly related to the COVID-19 response; affordable housing; public works projects when designated as essential by the lead governmental agency; shelters and temporary housing; projects necessary to provide critical services to certain vulnerable individuals; construction necessary to secure an existing construction site; and limited essential residential or business repairs.- Individuals may move residences only if it is not possible to wait until the Order expires, such as if a move is already planned or if it is necessary for safety or habitability.Direct link to summary of changes:https://cchealth.org/coronavirus/pdf/2020-0331-Summary-Superseding-Order-Changes.pdf

I have some thoughts, but let me check with my network and get back to you.Primarily, what kind of assets (real estate, securities, small business interests, etc.) are being protected?

Okay1.I am going to use a secured credit card to raise my credit score.2.

Connecticut just followed suit with NY (I believe) in extending the moratorium on residential evictions until July 1st, 2020, with trivial hat tip to owners by allowing them to use security deposits as rent, which most of us on the owner side already know is an awful idea because it’s rarely if ever paid back.

This is especially important in a recession where security & peace of mind is from having solid cash flow & fewer debt.

"If I do this then I can secure my rent earlier."

We simply ask that you pay for our leasing expense to find and secure the new tenant - which is 50% of the rent = $775.As we discussed, you will set utilities to terminate on Wednesday, 4/1.

Further, most people won't be looking to move unless they "have" to move because with the unemployment level and very small level of what everyone called their "job security" people won't want to pony up security deposit and 1st months rent to move in to a new place right now.

Wanted to see if the reward is worth the risk. meaning lets say I have to drop rents 300 per door, this is worst case, then I no longer cashflow , but if itake less and thus cashflow close to 1000 then I can lower rent a lot and still be good and I like the have the security . at the same time paying 0 for the house and actually profiting 60k , sounds great and goes along way