Our hearts go out to everyone that has been impacted by this pandemic. There are a lot of unknowns, and your health and safety are our #1 concern at One Community Real Estate™.
We know that thousands of people are affected by job loss, lay off and no pay. The Federal Housing Finance Agency issued a statement letting borrowers know that a hardship forbearance may be an option for those who are unable to make their monthly mortgage payments.
We urge you to contact your mortgage provider, as soon as possible, if you feel that you might not be able to make your mortgage payment. You are not alone and there may be some relief during these trying times.
If you are curious about rates, want market updates, or need support — we are here! Feel free to reach out, we are your real estate advocates.
Your Leigh Brown & Associates Team
(please continue to return for updated links and resources):
Bank Of America Mortgage Customers To Receive Coronavirus Relief: Link
FHFA Mortgage help for homeowners impacted by the Coronavirus – Link
National Association of REALTORS® Coronavirus: Resources for Property Owners – Link
Monday, March 23, 2020: Multifamily Property Owners Mortgage Forbearance
The multifamily mortgage forbearance and eviction suspension programs are the latest actions that FHFA has announced to ensure the Enterprises fulfill their missions during the coronavirus national emergency. Other actions include:
- Suspending foreclosures and evictions for Enterprise-backed single-family mortgages at least 60 days – Link
- Forbearance for Enterprise-backed single-family borrowers facing hardship due to coronavirus – Link
- Flexibilities for appraisal and employment verifications for single-family homes – Link
- Additional dollar roll transactions for the Enterprises – Link