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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 fr33manator
Posted on 3/23/20 at 5:35 am to fr33manator
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 on 3/23/20 at 8:52 am to LPTReb
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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