Right now people will be given forbearance plans from their mortgage servicers and foreclosures are halted temporarily through April by the Federal Government while everyone is social distancing and hiding in their homes.

There is no compelling reason for a seller go give up equity right now, even job losses and missed morgage payments will most likly be counter measured by the government.

At some point in the past, i analyzed investing in US but due to our local regulations i took a step back.

Hi Svetlana,There are rules governing the methods used to determine what is called in Appraiser land FMV - Fair Market Value.Appraisers have to follow the procedures in their manual USPAP (Uniform Standards of Professional Appraisal Practices) normally this leads to FMV being determined on appraisals of property sold in the past 6 months.

IMO this is what fed government should be doing...................little scared creating this topic.I would think that government economists in conjunction with cdc would have already run these numbers & passed them to congress & the senate to use some logic on the stimulus package.

The govt requires them to allow tenants extensions to make rent payments - their non regulated lenders don’t have to oblige. only conventional loans under government guidelines are required to allow borrowers their own extensionsThis will certainly get interesting

First- Home heating tanks are exempt from federal regulation and usually exempt from state regulation unless they exceed a certain capacity (typically 1,000 to 2,000 gallons).

RI Housing has its own guidelines on the house qualifying besides that of the government insured requirements.

Wouldn't it be much easier for the government to assist with rent payments to tenants that might have been financially affected by covid?

I haven't seen any help to lenders/landlords from the government.