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Forebearance
ADDRESSING CLIENTS’ NEEDS DURING THE COVID-19 PANDEMIC October 8, 2020   What happened since October 1, 2020:   Connecticut Eviction Moratorium Extended through December 31, 2020:  Governor Lamont issued Executive Order 9E extending the Connecticut eviction moratorium for some tenants.   What Executive Order 9E does: Prohibits the service of a Notice to Quit or...
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Let’s do some “Mortgage Forbearance Math.” Mom and Dad have a mortgage. It’s currently $1,000.00 per month. Dad gets laid off, calls the Servicer, and asks for a Forbearance. In one phone call, he gets 6 months “off” from paying. Seven months later, Dad is finally back to work, and hasn’t been able to save...
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