All Forum Posts by: Eddie T.

@John Morgan DO not stop until you are able to speak to your local politician to try and get the time lines changed in your county they need to move faster

0 Votes

@Andrew Syrios How are you handling late rent payments for april 2020?

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Yes exactly It is more for out of work homeowners, doubt this will help landlords. Especially ones with commercial loans.

Originally posted by @Wesley W.:

Originally posted by @Nick Rutkowski:

https://therealdeal.com/2020/03/19/cuomo-suspends-foreclosures-and-mortgage-payments/

What I gathered was if you fall on financial hardship and live in NY you can now ask your bank to modify your mortgage. You can prove you're facing hard times such as tenants not paying rent, lost Airbnb revenue, or you lost your job then your lender will change your payments and take them on the end of your mortgage. Hope this helps out some fellow NYers who didn't hear the news yet!

I watched the governor's press conference this morning and that's not what I got from what he said. He stated that if you were "out of work" and could not pay your mortgage, you would get a 90-day forbearance. It seems to be catered towards owner-occupants rather than investors.

1 Vote

Upstate New York, New York

THIS ONLY APPLIES TO FHA INSURED MORTGAGES!!!! PLEASE PEOPLE MUST UNDERSTAND THE DIFFERENCE NOT ALL LOANS FALL UNDER THIS!!!!

1 Vote

Upstate New York, New York

Yes correct you collect a deposit to hold. If for some reason the applicant changes their mind or does not have the money to move in they forfeit the deposit. Never stop showing until you collect a deposit.

1 Vote

@Marisa Alvarez at the time of accepting this tenant and filling out their section 8 moving paperwork did you collect a security deposit to hold?

1 Vote

@James Wise When is the next video scheduled to be released?

1 Vote

All Forum Posts by: Eddie T.

Eddie T. has started 11 posts and replied 802 times.

Post: Why is Rent still due during COVID-19?

Post: South Carolina

Post: PM refusing to show rental due to Corona Virus/COVID-19

Post: BREAKING: HUD to suspend all Evictions & Foreclosures thru April

Post: When are you overleveraged?

Post: NY suspends mortgages for those in economic hardship

Post: NY suspends mortgages for those in economic hardship

Post: Section 8 - Inspection passed - Tenant not ready to move in.

Post: Section 8 - Inspection passed - Tenant not ready to move in.

Post: Clayton Morris Loses $7.2 Million Lawsuit against HoltonWiseTV