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Rainmaker
1,319,519
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

Sucks for landlords that need to evict for non-payment or other lease breakers. Hope he plans to forgive late payments on mortgages and suspend credit hits too...for the landlords. Domino effect eminent.

Mar 18, 2020 03:29 PM
Rainmaker
612,606
Eve Alexander
Buyers Broker of Florida - Tampa, FL
Exclusively Representing ONLY Tampa Home Buyers

I expect all my tenants to pay on time...one of the benefits of screening carefully.

This is no different than being in a car accident, having surgery, having the flu, divorce, or your car breaking down...the income can stop for many reasons.

Eve

Mar 19, 2020 07:24 AM
Rainmaker
908,297
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

As we found out from Bank of America's recession, it is the folks like Acwen

and the incentives built into the porfolio management that really matter.

The WILL do what ever they please to pad their pockets....never mind what happens to the citizen.

Mar 19, 2020 06:03 AM
Rainmaker
4,212,195
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Consequences, intended and unintended, are likely.  

Mar 18, 2020 04:06 PM
Rainmaker
5,573,163
Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

no, not at all....

Mar 18, 2020 03:43 PM
Rainer
291,381
Don Baker
Lane Realty - Eatonton, GA
Lake Sinclair Specialist

I guess we'll wait and see.  Foreclosure agents will have less business for sure.

Mar 18, 2020 02:55 PM
Rainmaker
4,333,641
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Not that I know of, Fred.

Mar 19, 2020 04:37 AM
Rainmaker
1,413,214
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

All of my mortgages are held with regular banks, so my mortgage is still due.  Thankfully, all of my tenants are fully able to pay their rent.

Mar 18, 2020 05:12 PM
Rainmaker
5,764,005
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Fred,

I don't know to be honest with you.  The clients we have do not deal in these areas.  My only wish at this point in time is that the solutions to this virus is found, and we can all get back to business.  A

Mar 18, 2020 04:02 PM
Rainmaker
2,668,933
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

This shows how fragile our system is and how power makes changes. It gives me a new perspective. They are also letting people out of jail who cannot get a speedy trial. All this does is tell the wise that having a "rainy day fund" is no myth but a necessity. Your losses are your own as well as your gains

Mar 18, 2020 03:25 PM
Rainmaker
675,735
Tony Lewis
Summit Real Estate Group - Valencia, CA
Summit Real Estate Group Valencia & Aliso Viejo

I don't see any impact what so ever.

Mar 19, 2020 01:07 PM
Ambassador
3,119,314
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

As far as I know ... no.

Mar 19, 2020 09:22 AM
Rainmaker
6,856,038
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Nope.

Mar 19, 2020 07:38 AM
Ambassador
3,059,873
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

good.  I know someone laid off today.

Mar 18, 2020 06:53 PM