Bank of America, Chase Bank, Ally Bank, Wells Fargo, and other mortgage lenders are falling in line - to allow deferment of monthly mortgage payments for 90 or 120 days. This is in response to the huge impact Covid-19 is having and will continue to have on everyone with mortgages in the United S
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03/22/2020
We can't seem to even rest for 2 hours without a major escalation in the COVID-19 Pandemic affecting our lives! No sooner did I write my latest article on Force Majeure (ACT of GOD), that I got an email from an attorney that we work with inquiring about the following facts which the email essent
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03/19/2020
Covid-19 is so far the BIGGEST news of the 21st Century. In the realm of contract obligations in general and real estate transactions in particular, we have never dealt with life and death issues. Now the ability to contract is matched only by the desire of buyers and sellers to perform and is
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03/19/2020
FANNIE MAE, FREDDIE MAC, HUD - Suspending all foreclosures and evictions as an emergency measure because of COVID-19, announced about 1 pm EDT this afternoon.The word amongst the attorneys I have spoken to this week was that perhaps millions of mortgage borrowers - both those already years into m
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03/18/2020
Our phone has been active this week with an important question regarding real estate contracts. Buyers are asking if they can cancel their contract based on COVID 19 being an event of "Force Majeure". Force Majeure excuses a Buyer or Seller in a real estate contract from performing any obligatio
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03/16/2020
COVID 19 has decimated the stock market and collapse has just occurred before the economics has been felt in the broad economy here in the US. What is still to come?So far the service industry is first beginning to feel the disappearance of customers. Food and drink establishments are hit with
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03/16/2020
