All Forum Posts by: JR C.

If you don't already have this info, here is how you contact your local Congressional representatives:

For House, enter your zipcode to find your Representative's name and address:  http://www.house.gov/represent...

 And here is how you reach your state's Senators:  https://www.senate.gov/senators/How_to_correspond_senators.htm

Did you even read the bill? If AOC actually wanted to do that, which she doesn't, and hasn't eluded to, then it would be in the bill. It would obviously be struck down immediately, but there's not even a mention of that. Don't make up stories, especially on those that don't have an actual piece of legislature behind.

I certainly don't agree with the majority of the bill, but its this nonsense I read from folks that really stirs me up. You don't like her policies? Fine. Vote for someone else. But don't make up lies, man. 

@Ryan Schaefer  So, if I'm reading this right ("The term ‘covered mortgage loan' means any credit transaction that is secured by" etc.), if there is NO loan on the property, and thus no credit transaction secured by a mortgage, deed, etc., the provisions would not apply?  In other words, if you owned the property outright, the property is exempt?

The CARES act only applies to properties that have a mortgage backed by the federal government. Why can't people who own these properties just refinance with a local lender?

If this bill was passed, couldn’t land lords just put everyone on a month to month lease and if they didn’t pay you could be like “seeeee yaaa, get out”. Because then you aren’t technically evicting, you just aren’t renewing?

@JR C. it clearly states houses with federally backed loans since you do not have a mortgage it does not apply to you.

I think you are confusing the CARES ACT with the HEROES ACT. The Cares Act does in fact say it is only Federally backed loans. The Heroes Act mandates it to ALL properties. It doesn’t matter if it has a mortgage or not. 

It's not all residential properties, but only those that receive federal assistance: "The HEROES Act would replace the current 120-day moratorium enacted in the CARES Act for renters in federally assisted properties with a new 12-month moratorium on non-payment evictions from substantially all rental housing." 

And, of course, that assumes it passes the Senate.