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Calculating

(2,955 posts)
Sat Oct 3, 2020, 01:29 PM Oct 2020

Inside the New Coronavirus Relief Bill: a Total Eviction Moratorium

https://www.bloomberg.com/news/articles/2020-10-03/house-coronavirus-relief-bill-would-ban-evictions
The $2.2 trillion stimulus package passed by House Democrats includes a complete ban on eviction and foreclosure filings for 12 months.
On Oct. 1, just hours before the first reports of the news that President Donald Trump had tested positive for Covid-19, the U.S. House of Representatives passed a $2.2 trillion coronavirus relief package. Among the elements in the bill: a complete ban on eviction filings over nonpayment. That’s a far stronger action than Congress or the White House has taken previously.

The legislation that Democratic lawmakers passed would prevent landlords from filing evictions for nonpayment for a full year after the bill is passed. It would further prohibit foreclosures over nonpayment over the same period and enact automatic forbearance for delinquent borrowers to address the needs of struggling homeowners.


Now I'm all in favor of helping the poor out and being compassionate, but what exactly are landlords expected to do? My family has two rental properties and this could create some utter nightmares for us if it passes and we get tenants refusing to pay rent with no way to evict them.
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Inside the New Coronavirus Relief Bill: a Total Eviction Moratorium (Original Post) Calculating Oct 2020 OP
This will be litigated in the courts. I know in Calif. it is in the courts right now. KWR65 Oct 2020 #1
+1000 alwaysinasnit Oct 2020 #2
From the article: Cerridwen Oct 2020 #3
Landlords should get federal relief, too. tblue37 Oct 2020 #4
This Calculating Oct 2020 #5

KWR65

(1,098 posts)
1. This will be litigated in the courts. I know in Calif. it is in the courts right now.
Sat Oct 3, 2020, 01:33 PM
Oct 2020

We don't know if State and Federal governments can interfere in private rental contracts. This also could be considered a taking by the government where it would have to pay the land owners for their losses.

Cerridwen

(13,258 posts)
3. From the article:
Sat Oct 3, 2020, 01:58 PM
Oct 2020

As with prior eviction bans, the new House bill does not “cancel the rent,” a step that many progressive groups and tenant advocates have pressed Congress to take. Aid for property owners, however, could offset lost rent and prevent mortgage defaults by landlords. About half of rental properties nationwide are owned by small mom-and-pop landlords, many of whom have struggled to keep up with payroll, maintenance and taxes during the pandemic.

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Calculating

(2,955 posts)
5. This
Sat Oct 3, 2020, 02:22 PM
Oct 2020

The government should pay landlords to keep people who are unemployed due to the pandemic housed.

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