Re:Another 1.3M Americans File for Unemployment
by felideon on Thursday July 16, 2020 @12:31PM
(#23860622)
> The 3-month timer is still running and as soon as the moratorium on evictions is lifted, they can kick you out immediately.
Homeowners shouldn't rely on the moratorium. They should have contacted their lender to get on a 3-month forbearance plan which can be extended for another 3 months when it expires.
I'm not sure how many times lenders are going to permit forbearance extensions, but once people are able to get back to work and start making mortgage payments, they need to call their lender for a loan modification. This brings their account back to current.
Homeowners shouldn't rely on the moratorium. They should have contacted their lender to get on a 3-month forbearance plan which can be extended for another 3 months when it expires.
I'm not sure how many times lenders are going to permit forbearance extensions, but once people are able to get back to work and start making mortgage payments, they need to call their lender for a loan modification. This brings their account back to current.