‘We’re just kicking the can down the road.’ Landlord expects foreclosures after CDC halts evictions

NASHVILLE, Tenn. (WTVF) — A local landlord said there will likely be foreclosures down the road unless unemployed renters get monetary help to pay rent.

The Centers for Disease Control and Prevention has halted evictions for people who can’t pay rent to help slow the spread of COVID-19. Since property owners are left paying mortgages, experts are forecasting a waterfall of evictions, and an influx of foreclosures. “We’re just kicking the can down the road, just pushing the issue that it doesn’t negate the rental lost income, the resident is still responsible for that after the moratorium ends, and in a lot of situations they’re going to be a worse state financially with all those back fees and things like that.”

Elliott Hallum is the President of the non-profit Real Estate Investors of Nashville, and he’s a residential real estate agent who has several rental properties. “I think they’re going

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Demonstrators call for state to extend moratorium on evictions and foreclosures

With the state moratorium on evictions set to expire on Oct. 17, nearly 100 protesters gathered outside the Park Street MBTA station at Boston Common on Sunday in support of a bill that would extend the ban.

The crowd surrounded a 6-foot sign reading, “Eviction Free Zone” and carried many handmade banners and placards supporting the bill, including several that said, “Stop 100,000+ Evictions.”

Advocates said the bill, which still needs to pass both branches of the Legislature and get approval by Governor Charlie Baker, would spare more than 100,000 households struggling due to the pandemic from displacement.

“We are just so anxious about what’s going to happen after Oct. 17,” said Lisa Owens, executive director of City Life/Vida Urbana, the tenants’ rights group that planned Sunday’s event.

“This is a crisis we can avert,” she said in a phone interview before the rally. “The clock is ticking,”

As the

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Fifth Third Collaborates with NeighborWorks America to Prevent Foreclosures and Evictions

Collaboration includes foreclosure mitigation, eviction prevention and financial counseling to those in need

The Fifth Third Foundation today announced a collaboration with NeighborWorks America to support efforts addressing the impacts of COVID-19 in local communities across 18 NeighborWorks America network organizations located throughout Fifth Third’s 10-state footprint.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201007005802/en/

Byna Elliott, senior vice president and chief enterprise responsibility officer, Fifth Third Bank (Photo: Business Wire)

The $600,000 collaboration, which will be funded through The Fifth Third Foundation’s COVID-19 relief, recovery and resiliency funds, will assist the network organizations’ efforts to prevent foreclosures and evictions; assist with the impacts from the COVID-19 pandemic in communities; respond to critical needs; provide foreclosure and eviction mitigation and counseling; and financial coaching and emergency rental assistance for clients, as well as homeownership counseling and education.

“The pandemic has for many severely affected their ability to

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Florida governor’s order on evictions, foreclosures expires

TALLAHASSEE, Fla. – Pointing to a move by the federal government to halt evictions, Gov. Ron DeSantis on Wednesday let expire an executive order aimed at limiting evictions and foreclosures.

DeSantis on Aug. 31 approved a one-month extension of an order to prevent foreclosures and evictions involving residents “adversely” affected by COVID-19. That order made clear foreclosures and evictions could move forward in circumstances unrelated to the pandemic, such as for non-payment of rent.

But on Sept. 4, the federal Centers for Disease Control and Prevention issued an order to halt evictions through the end of the year “to prevent the further spread of COVID-19.”

In a memo Wednesday, DeSantis said he was allowing his executive order to expire to avoid confusion.

“The Centers for Disease Control and Prevention recently enacted a nationwide residential evictions order that provides federal eviction relief to persons who submit a valid declaration to their

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‘Uncertainty is extremely high … amid layoffs, evictions, foreclosures and bankruptcies’

THE FED



a tall building lit up at night: The lights are coming back on for the U.S. economy, but there’s still a long way to go to get back to normal.


© Getty Images
The lights are coming back on for the U.S. economy, but there’s still a long way to go to get back to normal.

The U.S. economy grew more slowly in August as anxiety over the coronvirus, the end of federal benefits and an increase in permanent job losses hindered the recovery, the Federal Reserve said Wednesday.

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Read: Economy softened in August as some temporary layoffs turn permanent

Here’s some of the more noteworthy takeaways from the Fed report:

Boston: “Business contacts continued to cite the disruptive effects of the pandemic on all aspects of their activity, even as recovery began or continued in some sectors,” the Boston Federal Reserve said.

The Boston Fed is one of 12 regional Fed banks scattered around the country. The information collected by the banks from businesses in their districts form the basis of the Beige Book’s

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Cuomo Extends Moratorium On Commercial Evictions, Foreclosures | News, Sports, Jobs

New York Gov. Andrew Cuomo
(AP Photo/Jacquelyn Martin, File)