No documentation other than the borrower’s attestation of financial hardship due to COVID-19 is required.The borrower is entitled to a forbearance for up to 180 days, and this period shall be extended an additional period of 180 days at the request of the borrower.

I like the idea of the due diligence period starting after all of the documentation has been received

Also by providing them with the resources to accomplish this would be beneficial as well for all parties. 

This has nothing to do with COVID 19 as they signed a document and agreed to be out by March 15th back in mid Jan.  

Or is it good enough to document via email that we have agreed to extend her current terms to a month-to-month until either of us notifies otherwise? 

They suggest maintaining receipts for up to 3 years to be able to prove use of loan proceeds in an audit.Now that the CARES act has passed there will be some interesting beneficial provisions added to the EIDL, as follows:1.

Bottom line - if you have a federally backed mortgage (Fannie/Freddie) - you will get forbearance guaranteed with no documentation needed, no penalty, no interest and not affect on your credit.

Tell him you need another 45 days plus 30 for extra EM OR you can close on it on time for 70% of the contract price.You should keep trying to call the Tenants to interview them over the phone and get any paper documentation you can from the Seller or PM (Bank Statements, Sales reporting, P&L's, etc).I'm not sure I agree that you need to adjust your price just yet, you just cant close it until we get a better picture of what the fallout is going to be here.

Nice for documenting condition before and after a tenant as well. 

., are all very beneficial.