I received a general e-mail this morning from FCI alerting note holders of a Final Rule from the CFPB that affects private investor owned notes with borrowers that have been affected by COVID.The CFPB Final Rule amends RESPA and requires note servicers to comply with "procedural safeguards" prior to initiating foreclosure between August 31 and December 31, 2021.Exceptions are loans that were 120+ days late before March 1, 2020, loans where statute of limitations expires prior to January 1, 2022, or if borrower abandoned property.Bottom line: it looks like there will be more red tape navigating "procedural safeguards" if you want to foreclose on a loan that became delinquent during COVID.For more info, try googling "CFPB Final Rule Part 1024 - Real Estate settlement Procedures Act (Regulation X)."

Typically those are non-optimal as the changes back and forth look like chicken scratch with amendments added on top just to do the PSA when finished.

Should I just file a tax amendment to correct the loss issue on the Schedule E?

Keep in mind that they CAN amend rules that hurt landlords.

Also how do i got about amending the lease 

Title co.. gives we verbage for a new court order that they will insure.. we go back infront of the judge again to amend the order he does so... that takes 60 days.. title company now wants seller to have another 60 days to appeal then they will close.finally seller again does nothing then title company closes on the last order about 28 months from start to finish...

@David AdamsI showed a listing last year where the owner is FORCED to sell because they amended their rules and do not allow rentals.

It sounds like they're looking to undertake an amendment to upgrade their equipment (expand their Premises) and extend the Term of the lease.Only recent major mergers have been Clearwire (into Sprint), or Nextel (into T-Mobile).

Note there is a 240 day redemption period available to the borrower if they want to try and make amends after the FC sale.

In Colorado, although the state has passed Amendment 64 in regards to legal marijuana (on a state level), there is no legal place to consume it besides the comfort of your own home.