Reply to DC Housing Prices drop beginning

Forum Index » Real Estate

Reply to "DC Housing Prices drop beginning "

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Housing is necessary whether or not you’re unemployed. I’d rather than be unemployed with a mortgage than unemployed paying rent. [/quote]
^^
that's like how foreclosures and bankruptcies happen.

[/quote]

That’s also how evictions happen. Servicers are more likely to work with you to keep you in your home as it’s in their best interest and they’re under regulatory constraints. Landlords evict quickly, it’s in their best interest for you to pay rent at all costs.[/quote]

you understand there is a much greater impact with getting foreclosed and declaring bankruptcy than getting evicted right? you don't just lose your house. the posture of services likely to work with you b/c it is painful for everyone is a zero sum game. [/quote]

Mortgage owners are being given 6-12 months of deferred payments. They've actually been better taken care of during this crisis than renters. Every renter I know has had to keep making their rental payments on time. If they don't, and yes they're not being evicted, you can guarantee landlords will be filing eviction notices in court the day they open.

Not the case for mortgages. And even where states have opened up - like Georgia - mortgage forbearance is still allowed. Rental payments however are due the date the states reopen.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics