@Wyatt Franta can you explain why forgivable loans that retain workers (small businesses eligible for relief as well) why this would trigger a bloodbath?

@Anderson Milfort it’s tough to say for sure.

Tough to say though - however this is a risk you take by purchasing a property in rough, or D class neighborhoods. 

One thing is certain though for real estate investors if we have a repeat of Non QM and NOO lenders leaving the space.. its going to be pretty tough. 

I normally have very  clear opinions but I think this is a tough one. 

I also received two "essential worker" bonuses. 

I understand what it's like to be in a tough spot.

A partner I have, his wife who is an accountant for one of the big custom builders in my area is laying off all of the workers today.  

Sellers now are in a tough position where they would ; 1) obviously move forward with deal and close of escrow as planned sooner.2) wiling to work with buyers but don't want them to back-out at the end of due diligence period without any compensation for loss of opportunity.3) Seller are contemplating to ask for a non-refundable deposit from buyers if they choose to cancel the deal and walk away at the end of the (90) days extension.4) what is fair and reasonable under these circumstances as I don't want to risk the buyer canceling the deal completely, but also don't want the seller end up with absolutely nothing? 

Even if he does work with you (and truth be told I probably would waive the points to extend the loan but none of the interest if you came to me with this request), he may not want to lend to you again because he knows what will happen when times get tough.