tomdalton22
Senior Member
- Joined
- Aug 6, 2011
- Messages
- 25,340
they helpfully cited the authority on the second line of the title of the order:
"ORDER UNDER SECTION 361 OF THE PUBLIC HEALTH SERVICE ACT 42 USC 264
AND 42 CODE OF FEDERAL REGULATIONS 70.2"
the CARES Act suspended foreclosures against landlords (and homeowners), among other points of relief. they still owe the money of course, but so do the tenants, so in theory, it will either all work itself out, right?
Landlords have a very difficult time collecting from deadbeat tenants. Banks can foreclose on properties. My guess is the housing bubble will burst about 12-18 months after the CARES act expires. Foreclosures will drive prices down.