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Palm Beach County launches coronavirus rental assistance program
Renters who have taken a financial hit because of the novel coronavirus have a new source of help. Palm Beach County’s Community Services Department on June 5 launched the Coronavirus Aid, Relief, and Economic Security (CARES) Act Coronavirus Relief Fund Rent and Utilities Assistance Program. The fund offers one-time rental and/or utility help for eligible…
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Gov. DeSantis extends moratorium on evictions and foreclosures to July 1
From The Palm Beach Post: “Just four hours before a moratorium on evictions and foreclosures was set to expire early Tuesday morning, Florida Gov. Ron DeSantis extended the freeze late Monday, sparing countless unemployed workers from homelessness as the economic devastation caused by the coronavirus pandemic continues. “‘He just felt it was in the best…
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Skipping mortgage payments? Don’t get ripped off.
By Ron Hurtibise South Florida Sun SentinelMay 04, 2020 11:39 AM Because of widespread uncertainty and lack of clear guidance about mortgage relief options, home loan borrowers will need to be on guard against scams and profiteering if they decide to skip payments because of COVID-19-related financial hardship. Misinformation is rampant, and even mortgage industry…
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No lump sum payment for homeowners Federal agency confronts ‘ongoing misinformation’ regarding loans
By Ron Hurtibise- Sun Sentinel Feds make clear: No lump sum payment required for Fannie and Freddie home loan borrowers after coronavirus pause. The federal agency that oversees 28 million government-backed home loans is reassuring its borrowers that they won’t be required to make a lump sum payment if they opt to hit pause on…
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Many out-of-work renters face financial ruin if they don’t get help
By Ron HurtibiseSouth Florida Sun SentinelApr 11, 2020 10:00 AM Many renters and landlords are peering over the edge of a financial cliff, praying for a quick end to the coronavirus crisis. At the bottom of the cliff lies lease defaults, ruined credit, evictions and homelessness. There are no bailouts for renters and landlords, except…
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Homeowners: You have options for your mortgage during the pandemic, but you might not get the full story
By Ron HurtibiseSouth Florida Sun SentinelApr 25, 2020 12:58 PM Most out-of-work homeowners frightened by the thought of suspending their mortgage payments can rest easy. Regardless of what their mortgage servicer tells them, the 70% of borrowers with federally backed loans won’t be on the hook to repay those missed payments all at once at…