Do you need to perform major renovations and cannot do it without them vacating it?

Such eventsare often addressed by a “Force Majeure Clause” allowing a party to suspend or terminate performance when circumstanceswhich the parties could not have anticipated, or which are beyond their control make performance of the contract impossibleor impracticable.The current world-wide Coronavirus (COVID-19) pandemic has had unprecedented impacts on real estate transactions,including, but not limited to, travel restrictions, self-imposed and governmentally required isolations, and closures of bothgovernmental and private offices required to fund, close and record real estate transactions.Accordingly, in the event complying with the Close Of Escrow is not possible or practical as a result of unforeseen circumstancesrelated to the COVID-19, such as Buyer’s or Seller’s inability to travel to sign documents, closings of or delays in relatedgovernment and business services, including for example delays by or closing of lenders, title/escrow, county assessor/recorder, or otherwise (hereinafter “Unforeseen Circumstances”) the Parties Agree as follows.

I’ve not spoken to any fund managers, who are always under pressure to perform for their investors.We were lending (or more appropriately, catch falling knives) over ten years ago as prices were plummeting.

I think it's wise for smaller landlords to apply for this, even if you think your residents are performing well for April.

Has been performing great

The people who took out HELOC's on their personal homes (borrowed) to be able be in this business might be facing a double edged sword if their W2 income is effected by this.Losing their homes would be a tough blow, a lot tougher than having to sell off an under performing SFH rental.It used to be called "Betting the Farm".Hopefully we pull out of this thing before it gets that bad.

Then, they generally perform the inspection which tends to be between 1 and 2 additional weeks. 

You can probably guess where this is going.....A small portion of our loan book consists of performing mortgages (~5%).

You can probably guess where this is going.....A small portion of our loan book consists of performing mortgages (~5%).

Hello Everyone,I bought my first home in October and I am looking to refinance in the future in order to help fund my next purchase. My current home is a 3/1 and it seemed like the previous owner was turning a large c...