Harris County – Foreclosures are back, after a year’s delay by executive orders
An article in the Houston Chronicle on foreclosures being processed again after the pandemic induced executive orders postponing foreclosures.Please find the original article here:https://www.houstonchronicle.com/business/article/Foreclosures-are-back-in-Harris-County-after-a-16217297.php
From food stamps to food security – Florida Man Builds Garden using Covid Stimulus Check
The current pandemic has prompted people to do things that they do not normally do, or have taken for granted. Some, made things spreading message of food independence. One of them is Florida man who goes by the name Spirit Mike. The East Tampa man, Michael Chaney has recently used his Covid-19 stimulus check to […]
Federal Help Badly Needed As Court Overturned National Eviction Ban
Thousands of struggling American families who are facing eviction after asking for help from the Federal government after a court ruled out the nationwide eviction moratorium. This recent development caused more problems to tenants who will not be getting tens of thousands of financial aid from the Federal government in time in order to avoid […]
5 Warning Signs for the real-estate market
Beware of a recall of the mid-2000 housing bubble Prior to the time when the bubble burst back in 2008, several activities in the real estate industry have already been seen. Exerts in the Real Estate strongly believe that the current housing boom is far safer than the previous one, referring to the stronger lending […]
American Rescue Plan Act legislation is a big deal for Fort Bend County
There was a great article in DS News on how residential leasebacks could help people who face potential foreclosures.
Residential Leasebacks as option if you face Foreclosure
There was a great article in DS News on how residential leasebacks could help people who face potential foreclosures.While this idea sounds good, there may be some legal limitations of “self dealing” and “bailouts”, meaning a lender would not want to negotiate a short sale with the owner staying in the property, which could be […]
Fort Bend County Judge launches rental, utility assistance programs
Fort Bend County Judge KP George has launched next phase of Fort Bend County area rental & utility assistance programs.It designed in effort to support county residents who have experienced hardship and aren’t able to make obligatory payments for rent and utilities.Some documentation is required in order to qualify. Assistance is provided to residents of […]
White House Foreclosure Ban Extension to ‘Deliver Immediate Relief’
An article in DS News on the White House extending the foreclosure ban for immediate relief.Please find the original article here:https://dsnews.com/daily-dose/02-16-2021/white-house-extends-foreclosure-ban
IRS Tax Relief for winter storm victims
Please note that the IRS has granted a filing extension to June 15, 2021 on many required filings that may be or may have been affected by the winter storm on February 11, 2021.Please check the IRS News Release and related resources if you qualify: https://www.irs.gov/newsroom/victims-of-texas-winter-storms-get-deadline-extensions-and-other-tax-relief
Foreclosure protections in place for Texas homeowners
Please take note of the following announcement by the HUD (Department of Housing and Urban Development) to put foreclosure protections in place for homeowners in Presidentially Declared Major Disaster Areas, which includes large parts of Texas that were affected by the February 11, 2021 winter storm.Please check the HUD website and article source link with […]
New jobless claims unchanged, foreclosures rise
Christopher Rugaber from the Associated Press reports on troubling new on our economy. While jobless claims have fallen about 22% since spring, companies are still reluctant to hire new employees. They are trying to do more with less. What is more troubling is that the number of homeowners that are either in foreclosure or have […]
FHA runs low on cash, fueling bailout concerns
Joseph Williams from Boston.com reports that another government concern is running out of money. FHA acknowledged that they are burning through their cash reserves at an astronomical rate. What this means is that they will request more money from the government which will fire up the printing presses and devalue our dollar. It will be […]