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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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FHFA, FHA extends foreclosure, eviction moratoriums
Foreclosure and eviction moratoriums backed by Fannie Mae, Freddie Mac, and the Federal Housing Administration (FHA) have been extended to June 30. Deadlines for all foreclosure and eviction moratoriums were set to expire on Sunday. Click here to read more…
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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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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…
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Mortgage Relief Available for Homeowners Hit Hard by Hurricane Irma
Source: Sun Sentinel South Florida homeowners may be able to redirect mortgage payments to cover major repairs in the wake of Hurricane Irma. Borrowers who need help fixing their homes should contact their lenders to request forbearances from payments for up to 12 months, according to the Federal Housing Finance Agency. Read more…