The eviction/foreclosure freeze is something that really gets to me. I almost owned rental properties and I know people who do. People are squatting on these rentals now and the owners can't afford to own a house someone lives in for free.
I keep getting told the market is hot right now. But I just don't understand how. It has to be a bubble due to the low interest rates. You have a lot of people who bought investment homes and the people living in them aren't paying. Not being able to evict the squatters is going to do as much damage as shutting peoples jobs down.
How does the foreclose protection work? When the squatters are not paying is going to force a lot of people to lose their homes. Does the foreclosure protection assist making payments or does it defer the mortgage payments until the end of mortgage contract?
I'm not sure what the new one is but the one that ended recently kept owners from evicting non-paying tenants. I expect this one will be similar.
This is the type of crap you hear from the commie crowd who think taxation and landlords are stealing from people instead of an agreement to exchange services for money. If the government breaks the agreement and takes away the rights of the land owner then you're creating a recipe for problems. At a minimum you're talking about owners doing things like paying people to leave. Or in a worse case scenario damaging the property to get tenants out. There's nothing stopping owners from breaking windows in the middle of winter then refusing to fix the damage for the squatter. The contract between them is already invalid due to government over reach.
The eviction/foreclosure freeze is something that really gets to me. I almost owned rental properties and I know people who do. People are squatting on these rentals now and the owners can't afford to own a house someone lives in for free.
I keep getting told the market is hot right now. But I just don't understand how. It has to be a bubble due to the low interest rates. You have a lot of people who bought investment homes and the people living in them aren't paying. Not being able to evict the squatters is going to do as much damage as shutting peoples jobs down.
How does the foreclose protection work? When the squatters are not paying is going to force a lot of people to lose their homes. Does the foreclosure protection assist making payments or does it defer the mortgage payments until the end of mortgage contract?
I'm not sure what the new one is but the one that ended recently kept owners from evicting non-paying tenants. I expect this one will be similar.
This is the type of crap you hear from the commie crowd who think taxation and landlords are stealing from people instead of an agreement to exchange services for money. If the government breaks the agreement and takes away the rights of the land owner then you're creating a recipe for problems. At a minimum you're talking about owners doing things like paying people to leave. Or in a worse case scenario damaging the property to get tenants out. There's nothing stopping owners from breaking windows in the middle of winter then refusing to fix the damage for the squatter. The contract between them is already invalid due to government over reach.