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Updated over 4 years ago on . Most recent reply
- BiggerPockets Money Podcast Host
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BREAKING: HUD to suspend all Evictions & Foreclosures thru April
**BREAKING NEWS**
The White House has just announced a directive to HUD to suspend all evictions and foreclosures through the end of April.
This is a breaking news story and we will be updating as this story develops.
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- Lender
- Lake Oswego OR Summerlin, NV
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#1 All Forums Contributor
- Lender
- Lake Oswego OR Summerlin, NV
Originally posted by @Brad Mizer:
I have 44 units in Tennessee that were all acquired in the last six months so I’m new to being a landlord. Are you all saying that when my tenants are late on April 6th and I file eviction papers, even if my case is heard nothing will be done? How am I supposed to pay my banks, insurance, utilities, etc?
You will just dip into your reserve funds that you have set up when you bought this property you should have at least 6 months of operating expenses in reserve to be in this business.. less than that is highly risky ..
- Jay Hinrichs
- Podcast Guest on Show #222
