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re: What will happen when millions are unable to pay rent/mortgage?

Posted on 3/23/20 at 5:35 am to
Posted by LPTReb
Member since Jul 2016
469 posts
Posted on 3/23/20 at 5:35 am to
Banks are going to offer extensions. There has been some regulatory guidance issued giving banks more leeway than normal to grant extensions and restructures. Hopefully, when the landlords’ loans are extended for several months, they will follow suit and give their renters a break.
Posted by stout
Smoking Crack with Hunter Biden
Member since Sep 2006
167875 posts
Posted on 3/23/20 at 8:52 am to
quote:

Banks are going to offer extensions. There has been some regulatory guidance issued giving banks more leeway than normal to grant extensions and restructures.


Ask those that received extensions after Baton Rouge flooded how it all worked out for them. It was bullshite and the banks take the opportunity to nail you with fees on top of it all.
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