Executive Order - August 8th

[Jake Lipowski]

Hey everyone, this is my first post on here. Just looking to confirm my fears that Trump's executive order today did in fact ban evictions across the country through the end of the year? is this what everyone else is hearing too?

the main reason I'm so concerned is I'm currently under contract on a property in New York. The state eviction moratorium is set to lift August 20th and one of the tenants was already in the eviction process pre-covid. The other is starting to get behind and my plan was to evict both once the moratorium lifted and do a full rehab since it's in rough shape. If this moratorium is through the end of the year I might just walk away and cut my loss on the escrow.

[Dennis Cosgrave]

It will be interesting to see how this plays out. I expect a court filing first thing monday morning, alleging that Trump overstepped his authority. An injunction will be requested until the Supreme Court rules on the constitutionality of those executive orders.