EVICTION AND FORECLOSURE MORATORIUM EXTENDED TO SEPTEMBER?

President Elect Biden has a new stimulus proposal on the table that could push the eviction and foreclosure moratorium out to September allowing tenants to have free rent for up to 18 months from when it originally went into effect with the CARES Act. In this video, we discuss the eviction moratorium extension as well as the additional $30B of rental assistance that is being proposed and how it could help the economy if applied correctly or could hurt the housing market if the rental assistance goes unused.

‘There’s been a threat of mass evictions’: Biden plans to extend national-eviction moratorium through September 2021

Foreclosures were paused last spring early in the pandemic. The CARES Act included an eviction moratorium through late July 2020 that only applied to certain, federally-funded rental units. But last September, the Centers for Disease Control and Prevention issued a nationwide moratorium on evictions that covered the vast majority of renters nationwide.

https://www.marketwatch.com/story/biden-calls-for-extending-national-eviction-moratorium-through-september-2021-as-part-of-1-9-trillion-stimulus-11610672987

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