General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsMillions 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 Preventions 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
moondust
(19,972 posts)That means everything's great, right?
https://politicalwire.com/2020/11/24/stocks-rally-on-news-transition-moves-ahead/
Klaralven
(7,510 posts)Foreclosure is an expensive, drawn out process that the mortgagee doesn't want to do unless necessary.
Backseat Driver
(4,390 posts)TO EVERY CORRUPT SKIMMER, CHURN, CHURN, CHURN - How to best tease out the last bit of "human" product
Here's the systemic myth: White cows are superior and make for better, more abundant, longer-lasting cream in the product.
https://www.wikihow.com/Churn-Butter#ingredients
https://extension.missouri.edu/publications/m176
https://cdp.wisc.edu/