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Updated about 4 years ago,
Forbearance and eviction freeze
I was just thinking about this today as I was driving home: the federal government has implemented an evection freeze in effect until December 31, 2020 for all tenants claiming to be adversely affected by COVID-19. They’ve also told banks who have issued federally backed mortgages that they must provide forbearance for any homeowners claiming to be affected by COVID-19. Are there any programs requiring banks who issued car loans to cease and desist repos for car owners suffering from the effects of COVID? When I first got out of my own I was always told that paying the rent should be my first priority because I need a roof over my head. All the other bills come secondary. Thankfully all of my tenants are paying their rent on time. However I have some friends who have tenants claiming hardships and not paying rent because they know they can’t be evicted right now. One tenant even told my friend that he can’t afford to pay the rent because he has to pay his car loan. Why are landlords getting screwed and have to carry a property if banks with car loans are still allowed to repossess cars?