- Communicate with your landlord or lender about the situation. We are all experiencing this pandemic in different ways, and both landlords and lenders are human beings just like you are. They very likely don’t want to evict you, and would be happy to work with you however they can.
- Get help. This goes back to communicating with your lender or land lord. Getting assistance can seem pretty overwhelming, especially if you’ve never been in this situation before, but your land lord or lender can often point you in the right direction. Remember, they don’t want to evict you – if you’ve lost income, so have they! You can also reach out to others in your community that are experiencing the same thing for support, advice, and how to begin.
- HUD-assisted tenants can report decreases in wages, hours, and income so that income-based rent payments can possibly be temporarily decreased, and housing subsidies can be temporarily increased (source: Resources for Renters (link will open in a new window)). If you are eligible to take advantage of this, do it.
- Don’t expect this to just go away – it won’t! As mentioned before, the Order doesn’t waive rent or mortgage payments and doesn’t stop evictions for good. It’s a temporary solution to help stop the spread of COVID-19, and you will still owe money for the months you couldn’t pay before. If you want to keep your home, you will need to be proactive in seeking assistance and doing all you can to prevent losing it.
- Did you purchase a home through us on Owner Financing? If you did, and you’re struggling, please call us so that we can talk about what options are available to you. We are always happy to help our clients whenever possible.
There is hope, and there is help. We are all in this together, after all!
Some resources that might be helpful: