Information provided by Zona Law Group PC As our readers are well aware, the AMA and MHCA, in conjunction with several private landlords, filed suit challenging the Governor's Executive Order on evictions. The order allowed tenants to delay writs of restitution by providing limited documentation and attestations to their landlord. Yesterday, on October 7, the [...]
The Rental Property Owner Preservation Fund (RPOPF), established by the Governor’s Office, provides assistance to rental property owners across the State of Arizona who are facing rental income issues due to the COVID-19 pandemic. A property does not have to be at risk of foreclosure in order to be eligible for this funding. This program [...]
Moratorium applies to Enterprise-backed mortgages FOR IMMEDIATE RELEASE 5/14/2020 Washington, D.C. – Today, to help borrowers and renters who are at risk of losing their home due to the coronavirus national emergency, the Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac (the Enterprises) are extending their moratorium on foreclosures and evictions [...]
Even though the COVID-19 pandemic has impacted the economy in many ways, the National Multifamily Housing Council reports that as of May 6th, 80% of apartment households had paid their rent. This may still be 1.5% less than May 2019, but it is over a 2% increase from April 6th, 2020. [CONTINUE READING] The NMHC [...]
We have all heard the phrase “live in the present and forget about the past,” but rarely do we hear the opposite of that. Currently we are in a challenging situation in regard to managing our properties and are being forced to do things in unfamiliar ways. Social distancing has changed the way we show [...]
Due to the Coronavirus, the cities that have grown in population due to their amenities, entertainment, job availability and more are experiencing a halt in all of these things because of government shutdowns. As a result, people are becoming more aware of the risks of living in high density areas and have begun to inquire [...]