For extra principal reductions, yes unless otherwise indicated. 

This indicates a back log of supply. 

The previous owner of my property was served two weeks ago and has indicated he will sign the forms, but if he doesn't we can enter a default judgement in a couple more weeks.

Post refinance 50% rule is $184, but low rent market indicates 50% rule may be aggressive.  

I moved out to the "main" part of the city mainly due to the bridge, but the comp that I got from my agent didn't indicated market crash at that time earlier this year.

It's important to read what it covers and what it DOESN'T cover:The person has to prove they can’t pay the full amount because of loss of work RELATING TO COVID-19The person has to make every attempt to pay rent on timeThe person has to APPLY under Oath, under penalty of perjuryIt is not automatically grantedIf the renter has some other place to move to, they can be evictedThe renter STILL OWES all rents, they have to be paid at some pointThis does not include foreclosure on a home mortgageThey can still be evicted for violating OTHER TERMS on the lease agreementHere is the Actual Wording: “Covered person”means any tenant, lessee, or resident of a residential property who provides to their landlord, the owner of the residential property, or other person with a legal right to pursue eviction or a possessory action, a declaration under penalty of perjury indicating that:1) The individual has used best efforts to obtain all available government assistance for rent or housing;2) The individual either (i) expects to earn no more than $99,000 in annual income for Calendar Year 2020 (or no more than $198,000 if filing a joint tax return),(ii) was not required to report any income in 2019 to the U.S.

Please share your view.It's important to read what it covers and what it DOESN'T cover:The person has to prove they can’t pay the full amount because of loss of work relating to COVID-19The person has to make every attempt to pay rent on timeThe person has to APPLY under Oath, under penalty of perjuryIt is not automatically grantedIf the renter has some other place to move to, they can be evictedThe renter STILL OWES all rents, they have to be paid at some pointThis does not include foreclosure on a home mortgageThey can still be evicted for violating OTHER TERMS on the lease agreementHere is the Actual Wording: “Covered person”means any tenant, lessee, or resident of a residential property who provides to their landlord, the owner of the residential property, or other person with a legal right to pursue eviction or a possessory action, a declaration under penalty of perjury indicating that:1) The individual has used best efforts to obtain all available government assistance for rent or housing;2) The individual either (i) expects to earn no more than $99,000 in annual income for Calendar Year 2020 (or no more than $198,000 if filing a joint tax return),(ii) was not required to report any income in 2019 to the U.S.

With no indication of when it will be processed or issued.

Your attorney should look for ways to invalidate it, but nothing you've said so far indicates that the contract is void or voidable.I don't believe that the fact that the seller has put the property back on the market has any bearing on your situation. 

On BP Podcast 311 from 1/3/19 @J Scott indicated he was looking for at least 15% below market value to close his deals in order to hedge against a possible downturn in the Real Estate market many are still bracing for.