Real Estate

Biden extends protections for homeowners. What you need to know

0


Historic row houses in Colombia Heights neighborhood of Washington DC, USA

amedved | iStock | Getty Images

Homeowners struggling amid the coronavirus pandemic received some welcome news Tuesday, with the Biden administration announcing it will extend forbearance and foreclosure relief programs.

The White House said that the move will benefit the 2.7 million homeowners currently in Covid forbearance and extend the availability of forbearance options for around 11 million other government-backed mortgages nationwide.

“Since the crisis is going on much longer than anyone anticipated, it’s only appropriate to extend remedies that we know are working,” said Sarah Gerecke, an associate professor…



Source cnbc.com

Targeting Dubai? Saudi Arabia’s ultimatum to pull HQ offices to kingdom

Previous article

Palantir (PLTR) Q4 2020 earnings shows loss

Next article

You may also like

Leave a Reply

avatar
  Subscribe  
Notify of

More in Real Estate