Hello everyone I currently own 4 rental properties and I’m at a bit of a stand still.

We are in unchartered waters; as the crisis worsens I expect there will be less and less economic activity, until everything’s at a virtual standstill.

I would then have to pay additional interest and more points the longer than loan goes which to me seems unfair if it is totally out of my hands if mortgages are basically at a stand still.

2) I'm British so I follow the UK news and have seen articles about the mortgage market coming to a complete standstill: https://www.bbc.com/news/business-52106119 Some providers are no longer offering new loans or asking for a much larger downpayment.

It definitely seems like everything is at a standstill at this moment.

.- With NY Real Estate at a standstill - you have a great chance to research local markets, consider different investment strategies and gather as much information on the process as needed.- FHA is tightening up some of their guidelines.

We currently have a roof sized heavy duty tarp covering the entire roof and are at a standstill on that issue.

Again, I understand the intent of the Circular andadmire the that you are protecting all of us, but please put yourself in myshoes, all other loans are closing, builders are building, agents areclosing and I'm in a standstill with a lot of money that I was able to scraptogether to provide a better home for my family and will tell them we willnot have the home we visited several times dreaming of what the future willbring, we will be devastated if we do not close on this home.

I know there is always excuses for not doing something, but with the current economic stand still I'm apprehensive about starting by buying a new property right now.

I have been reading many articles on BP about the affects of COVID-19 on the real estate world and i can sense the concern of the real estate community from not receiving rents, sales are at a stand still in some places, and the concerns of a market crash.