If you need assistance, please call 360-649-5053

3 Tips on Using Available Aid During COVID19 Crisis When Payments are Tight

Thursday, April 9, 2020   /   by Sarah Balduf

3 Tips on Using Available Aid During COVID19 Crisis When Payments are Tight

It can get a bit confusing right now on what's available right now, what's a good idea, and how to manage upcoming bills if you are among those who are not "essential" and can't work right now. We're all being affected, some worse than others. This video is a summary of some FAQs in response to what's out there.



Here are some Additional Resources

RESOURCES

Mask use

https://www.who.int/emergencies/diseases/novel-coronavirus-2019/advice-for-public/when-and-how-to-use-masks

https://www.cdc.gov/coronavirus/2019-ncov/prevent-getting-sick/cloth-face-cover.html

 

Dept of Financial Services-WA state

https://dfi.wa.gov/coronavirus/financial-resources#rent

 

Unemployment info

https://www.governor.wa.gov/issues/issues/covid-19-resources/covid-19-resources-businesses-and-workers

https://esd.wa.gov/newsroom/covid-19

 

Mortgage Options

https://drive.google.com/open?id=1ELC_-RWHYhBP-zfNOV4HXdPdolmF3fw_

https://www.consumerfinance.gov/about-us/blog/guide-coronavirus-mortgage-relief-options/

https://www.fanniemae.com/portal/index.html

https://myhome.freddiemac.com/own/getting-help-disaster.html

https://www.hud.gov/press/press_releases_media_advisories/HUD_No_20_048


 INDUSTRY NEWS

Lawmakers sign COVID-19 stimulus package into law

National Multifamily Housing Council

The CARES Act was signed into law on March 27, 2020 to provide relief to affected individuals and industries suffering financial hardships as a result of the COVID-19 outbreak. Below is a detailed summary of inclusions relevant to the multifamily industry. READ MORE

What landlords need to know about eviction, lender talks, and rent concessions

National Law Review

Rent was due this past week, and many property owners are facing more delinquent renters and requests for rent concessions than they have seen in recent years. At the same time, those measures are also directly and indirectly limiting the ability of commercial and multi-family property owners to enforce rent and other lease clauses.  

READ MORE

 Here’s How The Mortgage Market Works

?

The Coronavirus Meltdown

By Barry Habib

The current Coronavirus crisis is having a critical impact on the Mortgage Industry, which could potentially make the 2008 financial crisis pale in comparison. The pressing issue centers around capital that’s required by Mortgage Lenders to be able to function and meet covenants that are required for them to continue to lend.

READ MORE


  aid, covid19, government aid, mortgage, mortgage forbearance, resources

The Balduf Group
Dennis Balduf
9564 Silverdale Way, Suite 100
Silverdale, WA 98383
360-649-5053

Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable, but is not guaranteed accurate by the MLS. Copyright 2016 NWMLS.
Properties with the NWMLS icon are courtesy of Northwest MLS.
This site powered by CINC: www.cincpro.com