COVID-19 has impacted many renters and homeowners in Florida. Help has arrived for most.

The CARES Act (Coronavirus Aid, Relief, and Economic Security Act), went into effect on March 27, 2020. One part of the Act addresses foreclosures, evictions and Mortgage Loan Forbearance. This post will review those sections of the CARES Act. If you have a federally backed mortgage (2/3 of mortgages fall in this category), help has arrived. The Act provides foreclosure relief for federally-backed loans, for 1–4 family properties. A federally backed mortgage is one that is purchased, securitized, owned, insured, or guaranteed by Fannie Mae or Freddie Mac, or owned, insured, or guaranteed by FHA, VA, or USDA. (If you're not sure if your mortgage is federally backed, please see my blog on that

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Gavel and paperwork Florida

       Arna D. Cortazzo

Protecting Floridians' Rights for over 30 years.