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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…
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Sadowski Trust housing funds will help Florida’s ‘most vulnerable’ now more than ever | Opinion
By Jamie RossSpecial to the Sun SentinelApr 14, 2020 3:30 PM Housing is healthcare. We have known this for a long time, but never more acutely than now. The full appropriation of Sadowski Trust funds for housing could not have come at a better time. All 67 counties and large cities in Florida have local…
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How to Suspend Your Mortgage Payments During Coronavirus Turmoil
The Wall Street JournalBy Julia Carpenter and Orla McCaffrey Updated April 6, 2020 9:30 am ET If your mortgage is federally backed, lenders are supposed to allow forbearance for those experiencing a financial hardship caused by the coronavirus pandemic. Here are answers to commonly asked questions: What is forbearance? Forbearance allows homeowners to suspend their…
