CFPB Wants to Prevent Foreclosures Until End of the Year

A new rule proposed by the Consumer Financial Protection Bureau (CFPB)  seeks to prevent a wave of foreclosures as some pandemic protections for homeowners are set to expire.  According to CNBC, the rule, which would apply to all mortgages federal & private, will prevent mortgage servicers from initiating a foreclosure against delinquent borrowers through December 31, 2021.  The CFPB says 1.7 million borrowers could be at risk of foreclosure when the forbearance program ends in September and this number is higher than anything mortgage servicers have ever seen.  The proposed rule will still need final approval.  Stay tuned.

“CFPB’s approach to expediting and simplifying the recasting of loans for those in forbearance is not only a good move, it will be a critical move in helping to stabilize the housing industry, community housing values, and the short and long-term benefit of service providers as well as individual homeowners. In short this is a win all around for those who have felt the brunt of the Covid-19 pandemic’s economic fallout.”  Said Charles Tassell, COO of National REIA.

 Charles Tassell

Click here to read the full story at CNBC.com.

Click here to read the full release at the CFPB.

Click here to read the CFPB’s Fast Facts: 2021 Mortgage Servicing COVID-19 Proposed Rule”

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Will You Be Ready When the Eviction Moratorium Ends?

On a recent episode of the Rent Perfect Podcast, David Pickron says the current tenant/landlord climate feels like a good old-fashioned game of musical chairs. As housing providers anticipate the end of the CDC’s eviction moratorium, it’s critical for landlords to know and prepare for what’s next.  Pickron and his guest discuss the three types of current tenants and how to work with each distinct group to protect your asset and your bottom line.

Click here to listen on Spotify.com.

Rent Perfect is the solution rental property owners & managers have been crying out for! Their Online Lease Agreement allows you to send your tenant(s) a customized lease agreement, electronically & securely. They offer the most accurate & thorough credit & background screening available. Members of National REIA receive a discounted set up fee.

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What’s Next in the Residential Build-to-Rent Market?

What is next in the residential build-to-rent market?  A recent interview article on Builder.com discusses how the build-to-rent asset class is one of the fastest growing in residential real estate.  Interestingly, they point out that so-called “mom and pop” investors have known the value of single-family rental homes for decades.  Indeed….

There will continue to be demand for rental communities even as millennials age into prime home-buying years and the homeownership rate rises. These communities can range from highly amenitized and institutionally managed to single-family homes…”

Click here to read the full story at Builder.com.

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Litigation to Successfully Challenge the CDC Eviction Moratorium

BY  ON MARCH 23, 2021

There are two important legal concepts that apply to every lawsuit: standing and jurisdiction. For a person to be a party to a lawsuit, such as a Plaintiff, they must have actual standing. In the case of challenging the CDC moratorium, they have to be a landlord with tenants who have filed the affidavit recommended by the CDC, and these tenants are not paying full rent. Click here to read more.

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Spring Fertilization Tips to Improve Your Lawn

BY  ON MARCH 19, 2021

Infographic: Saturday, March 20th, is the first day of Spring! That means now is a great time to start thinking about your property’s landscaping. Whether it’s a rental property or that new flip, a good-looking lawn will certainly add value and improve your property’s curb appeal! Click here to read more.

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America’s 10 Fastest-Growing Retirement Towns

BY  ON MARCH 17, 2021

What are the 10 fastest-growing retirement towns in America? That’s the question Realtor.com recently put pen to paper to find out. Click here to read more.

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Several Federal Courts Rule CDC Eviction Moratorium Unconstitutional

BY  ON MARCH 16, 2021

Several federal courts in different states have made rulings regarding the unconstitutionality of the CDC’s eviction moratorium. While the U.S. Department of Justice has appealed these rulings, they are significant developments about the issue. This post will be continually updated as information becomes available – stay tuned. Click here to read more.

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Buyer Interest in Suburbs & Vacation Towns Has Soared Since the Pandemic

BY  ON MARCH 15, 2021

A new report says home buyer interest in vacation towns & suburbs has soared since the Coronavirus pandemic hit in early 2020. It says remote workers seeking space for home offices and a simpler lifestyle. Click here to read more.

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Which States’ Real Estate Markets are Doing the Best and Worst?

BY  ON MARCH 9, 2021

A recent report from Bankrate.com says that before the Coronavirus-induced recession, states like Utah were already “on fire,” however residents from high-tax states like California & Washington emigrating and added fuel to that fire. Click here to read more.

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Top 20 Cities for Generation Z Renters

BY  ON MARCH 8, 2021

Last month we had a post about Generation Z entering the housing market and this month we’re discovering where they want to live. A new report from RENTCafé says small towns in the heartland of America are now trending for Generation Z renters. Click here to read more.

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