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Re: Life in These United States

By: Decomposed in POPE 5 | Recommend this post (0)
Thu, 14 May 20 9:00 PM | 56 view(s)
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Msg. 61691 of 62138
(This msg. is a reply to 61688 by Beldin)

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Beldin:

Re: "Be very careful, there. I do NOT believe such a fortuitous outcome is in the offing for ALL mortgages. "
I think you're right. I'm reading about the government's CARES legislation now, and specifically about forebearance. While no foreclosures can occur within 60 days of March 18th, they can after May 17th. Loan recipients can contact their loan servicing officers and receive a 90 day extension, but it seems clear that the missed payments DO need to be made up at some point.

I'll let you know if I learn otherwise.

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The above is a reply to the following message:
Re: Life in These United States
By: Beldin
in POPE 5
Thu, 14 May 20 8:38 PM
Msg. 61688 of 62138

"If any of you have mortgages, I STRONGLY recommend that you stop paying them for the time being."

Be very careful, there. I do NOT believe such a fortuitous outcome is in the offing for ALL mortgages. 


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