Other sourcesI see the same message in many other law firm advisories (here, and here, for example) and in an FAQ put out this week by the FDIC.Again, if you can pay, it might be smart to pay to avoid any risk of a hit to your future credit or lending ability.

Living in Northern Virginia, but investing down in JAX, one can see the stark comparison that COVID19 has had on jobs and therefore rents.

Sorry all, this is a re-post of my post yesterday because I don't think people were able to see the images. 

Same situation here, be interesting to follow and see the comments.

Rumor from my 1031x intermediary was we would likely see the 45 day period extended to 120 days.  

This is because of the next language from USPAP, the Uniform Standards of the Professional Appraisal Practice, which all licensed appraisers performing mortgage appraisals must follow:Standards Rule 1-5When the value opinion to be developed is market value, an appraiser must, if such information is available tothe appraiser in the normal course of business:(a) analyze all agreements of sale, options, and listings of the subject property current as of the effectivedate of the appraisal; and(b) analyze all sales of the subject property that occurred within the three (3) years prior to the effective dateof the appraisal.Comment: See the Comments to Standards Rules 2-2(a)(viii) and 2-2(b)(viii) for corresponding reportingrequirements relating to the availability and relevance of information.USPAP requires the appraiser to "analyze" any current agreement of sale (a pending WB-11 for instance) during the development of the valuation (called the Appraisal in USPAP, different from the Appraisal Report).

You can see the starting pay is going down and I think that’s the leverage point for employers and I can definitely see a 10-15% unemployment for sure!

This is not a housing led crisis, and once the dust settles I do not see the same circumstances we had in 2008.  

I could see the commercial space hurting for years, so it is hard to say when the low point will hit.

They want to see the unit but also share the same fear as everyone else entering into a stranger's home.