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Zorro

(15,740 posts)
Tue Nov 24, 2020, 08:34 AM Nov 2020

Millions of Americans Expect to Lose Their Homes as Covid Rages

Millions of Americans expect to face eviction by the end of this year, adding to the suffering inflicted by the coronavirus pandemic raging across the U.S.

About 5.8 million adults say they are somewhat to very likely to face eviction or foreclosure in the next two months, according to a survey completed Nov. 9 by the U.S. Census Bureau. That accounts for a third of the 17.8 million adults in households that are behind on rent or mortgage payments.

The CARES Act, signed into law last March, allows homeowners to pause mortgage payments for up to a year if they experience hardship as a result of the pandemic. Borrowers who signed up at the start of the program could face foreclosure by March.

The Centers for Disease Control and Prevention’s nationwide temporary suspension on evictions -- aimed at stemming the spread of coronavirus -- is slated to end Dec. 31. The timing is far from ideal given millions of people are also set to lose their unemployment benefits at year-end without an extension from Congress.

https://www.bloomberg.com/news/articles/2020-11-23/millions-of-americans-expect-to-lose-their-homes-as-covid-rages

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Millions of Americans Expect to Lose Their Homes as Covid Rages (Original Post) Zorro Nov 2020 OP
Yeah but stocks are rallying! moondust Nov 2020 #1
Mortgagors are in less danger than renters. Klaralven Nov 2020 #2
EXPLORE THE ANALOGY; US HERD QUALITY Backseat Driver Nov 2020 #3
 

Klaralven

(7,510 posts)
2. Mortgagors are in less danger than renters.
Tue Nov 24, 2020, 08:46 AM
Nov 2020

Foreclosure is an expensive, drawn out process that the mortgagee doesn't want to do unless necessary.

Backseat Driver

(4,390 posts)
3. EXPLORE THE ANALOGY; US HERD QUALITY
Tue Nov 24, 2020, 11:33 AM
Nov 2020

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https://www.wikihow.com/Churn-Butter#ingredients

https://extension.missouri.edu/publications/m176

https://cdp.wisc.edu/










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