Property owners with a Fannie Mae or Freddie Mac-backed multifamily mortgage can enter a new or modified forbearance if they experience a financial hardship due to the pandemic. To qualify, property owners must inform tenants in writing about tenant protections available during the property owner’s forbearance and repayment period. Property owners also must agree not to evict tenants solely for the nonpayment of rent while the property is in forbearance.
“While COVID-19 cases are declining and many homeowners continue to emerge from forbearance, many renters, who are unable to benefit from rising home prices, have not financially recovered from the pandemic,” Mark Calabria, FHFA’s director, said in a statement. “To help those families still struggling to pay their rent and to help multifamily property owners maintain their properties, FHFA is extending the multifamily COVID-19 forbearance and tenant protections through the end of September 2021.”
Read more at FHFA.gov about the latest extension.
From the start of the pandemic, the National Association of REALTORS® has advocated that any tenant eviction moratorium must be accompanied by rental assistance payments to housing providers. Read about the latest developments from the contested Centers for Disease Control and Prevention’s nationwide tenant eviction moratorium: Housing Providers Seek SCOTUS Ruling
🍀 The Hoey Team ☘ serves all of Southwest Florida 🌴 Helping Sellers & Helping Buyers ☘
Recently Barry & Kim with the Hoey Team halped a number of sellers who had been in Foreberance and we were able to get them to a "good place"; worry free. We help people in many different situations; everybody's situation is different; if you know someone needing help; have them reach out to us in confidence: 239-360-5527; more than likely we can help ☘
As people continue to move and relocate to the area from other parts of the United States, it is important that we are able to serve all of the area; as we do, and that we are able to offer many different Choices and Lifestyles which are in abundance here in SW FLA 🌴
Inventory remains low overall, but we do continue to list and market new properties to the marketplace and we sell many different type homes; Resale & New Construction; Multigenerational Family Compounds, Regular Single Family Homes, Villas, Townhomes and all Condo types, from low rise, to waterfront high rise right on the beach.
We have also seen an uptake in people planning ahead, and buying that second home now, rather than waitiang as they were planning to do; especially with Snowmads and Zoombirds. Previously we had Snowbirds; interesting how terminology keeps changing. We continue to find Real Estate Deals for people looking to buy / invest.
Lower interest rates are additionally helping with the increased sales that we have; oftentimes over asking price. Low inventory with properties selling quickly is the greatest chalenge for buyers; but if prepared you are ahead of the game; ask how we can help. We recently got an amazing deal for a buyer on a Waterfront Condo with Boat Dock; plus another Gulf Access, Beach Access Island Investment property for another, and we are working on others; so there are deals out there; if you work with us, we will find them for you for sure.
For those relocating to Florida, we are pleased to be able to assist homeowners in other parts of the United States who need to sell to buy here; please reach out today for more information and how you can have a smooth, non-stressful transition / relocation.
At our Real Estate Team; Hoey Team ☘ we have been succesfully working 100% virtually / remotely for the past number of years as we continue to grow; i'm glad we already had systems in place to better help sellers and buyer with goal posts continually moving in our industry.
Article content from NAR (National Association of REALTORS) Newsletter Magazine, and from other sources including Hoey Team ☘ exp Realty & Freddie Mac / Fannie Mae
For those Living in or Visiting Southwest Florida wanting additional resources, or a list of places to see / visit: www.VisitCollier.Com Feel free to share this resource page with others 🌴
NOTE for Buyers and Sellers: On our Hoey Team ☘ VIRTUAL OPEN HOUSE Page you may WATCH ? Detailed HD 3D Immersive VIDEO ? Walkthrough Tours for all our COMING to MLS & AVAILABLE LISTINGS right HERE: ? www.SWFLVRE.com ?
For more Real Estate related information, or if you have questions on any aspect of Buying, Selling, Upsizing, Downsizing, Moving within or Relocating to or from Florida (the number 1 state for people to move to), or on any aspect of the Real Estate Market, Locally, Nationally or Internationally, please let us know, we can help, we can address / answer your questions, and we are always available to help you or someone you know.
P.S. --> If You'd like for us to create a Video Tour for ANY of the Properties on our website, just CLICK "Video Request Button"; from property details: https://HoeyTeam.239RealEstateDeals.Com
CLICK HERE to Visit our High Definition Virtual 3D Open House Tours Page 24/7
Click Here for our most recent Market update Report for Southwest Florida and beyond.
We do not discriminate on price, we help homeowners and renters in all price ranges; Click Here for more information on the Hoey Team ☘ and what we do to help or visit HoeyTeam.Net anytime.
Here is our informational Southwest Florida Website ☘
Barry is a CLHMS; Click Here to see how we help with higher end properties.
Please visit our Hoey Team ☘ Luxury Home Market Page by Clicking Here
Best Places to Retire? 13 of the ‘Top 25’ Are in Fla ☘ Hoey Team ☘ exp Realty 🌴 Southwest Florida 🌴
Also; please check out the other blogs, and tabs to many other Links, Updates, Reports & Stats that we have here on our informational website.
We hope that you find the information useful. If you have any questions, please do not hesitate to contact Barry or Kim with the Hoey Team ☘ brokered by eXp Realty
Email us at Barry@SWFLLuxury.Com or KimZuponcic@Gmail.com or Call/Text the Hoey Team ☘ at: (239)-360-5527
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Most of our business is referrals by word of mouth; from past Sellers and Buyers who we have helped; please ask for and check out our testimonials and Sales Stats. Thanks, Barry & Kim ☘ 🍀