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Updated over 4 years ago on .

User Stats

15
Posts
4
Votes
Jessica Mayo
  • Investor
  • Nationwide
4
Votes |
15
Posts

CARES Rent Relief Program - Must waive rights to collect rent??

Jessica Mayo
  • Investor
  • Nationwide
Posted

My rental is in Pennsylvania. But has anyone dealt with the issue where your mortgage is higher than the max ($750) they are willing to pay? In the case of PA it's first come first serve, so today being the deadline to apply, it's also a gamble whether I will even get $750. They could give me $250 and I HAVE to accept that as a 100% rent payment. Then I'm personally on the hook for the mortgage. 

Has anyone else ran into this issue and come up with a better solution that actually helps both renter and landlord? 

This clause is screwing the renter too since I can't afford to sign the documents he needs for this assistance. 

Any ideas?