Forbearance? Foreclosures? Evictions?

[David Dachtera]

As the scheduled expiration of some programs approaches, there will be much speculation about, "What next?"

Some of what I'm already hearing ...

Forbearance / Foreclosures

Some are saying that these could present opportunities, especially for those already familiar / proficient with short sales. In situations where borrowers face huge backlogs of payments coming due would likely constitute the necessary financial hardship in the short sale scenario. This may be worth exploring in further detail.

Evictions

Some speculation has arisen regarding the possibility of monthly $2,000 payments retroactive to the start of Q2, CY2020. This presents the possibility that effective activism and lobbying could yield a scenario where back payments could be allocated first to renters significantly behind on their rent to be paid directly to landlord / property managers. 

Perhaps worthy of consideration. Pushing now for a registry of landlords / property managers owed back rent to enable the allocation of funds to back rent in appropriate cases could prove useful should this back payment scenario become reality.

Just wanted to put these out there ...

[Caroline Gerardo]

I would never want my name on a registry. Think how that could be used against you for a new mortgage or a job or people hounding you with their warranty phone calls at 4 AM