Dear Friends,

If anyone had asked me this time last year where I would be personally, our as a community, a country and globally, I would not have guessed anywhere close to today’s tragic and unparalleled time.

I am grateful for our well built communities more then ever and the leadership and dedication we have from our State, Regional and Local officials, our Care Providers, Health Professionals, First Responders and Essential Workers who are on the front line on our behalf, during this time.
I am reminded that our family, friends and neighbors are our lifeline. I am thankful for each and every one and the moral responsibility we have all risen to by protecting each other from something we can not see and which in many cases, we might be harboring.The health of each other is now our obligation, to each other.

Unprecedented livelihoods on hold..yet.. so many people rising to the challenge and helping in what ever way they can under various circumstances. This is the beauty of Americans and the human race.

There is pending Real Estate business being processed that was underway prior to the stay at home order/outbreak locally and across the USA. These transactions are proceeding to the finish line. In addition, there was also a huge swell in refinancing as the Federal Reserve bought bonds, which allowed bond prices to go up, which in turn reduced interest rates.
Through the years, Real Estate has taught me that we have different timelines and various reasons regarding essential Real Estate moves and I want you to know that I am here to discuss your situation and work with you, if you are in that category.
Additionally, please know that my practice, as well as my fellow professionals in the Inspection, Escrow and Mortgage industries have implemented safe guards and measures to assit you during this time.

Please do not hesitate to call me.

I will be dedicating this newsletter with helpful information should it apply to you and for you to investigate further.

Please stay home, practice kindness, be safe and well.
I am honored to be in your company.

My best,




This link is for reference only.
Please check with an expert in the specific area of your question regarding how this might apply to your situation.



March 26, 2020

Mortgage giants Fannie Mae and Freddie Mac unveiled a payment deferral option for homeowners struggling to make their mortgage payments, regardless of whether the reason is related to COVID-19. Homeowners could be eligible to defer two months of their mortgage payments until the end of their mortgage, depending on their circumstance.

The GSEs had intended to announce a payment deferral program later this year, but the agencies decided to roll out the program now due to the coronavirus outbreak. The payment deferral program is available to borrowers who have faced a short-term hardship that has caused them to miss one or two months of mortgage payments.
If borrowers resolve that hardship within those two months, they will be eligible to defer the two months of missed payments to the end of their loan, without having to modify their loan.

“This innovative relief solution addresses a unique hardship situation—homeowners who have resolved a short-term hardship,” Freddie Mac said in a statement about the new program. “It aims to serve those homeowners with a more affordable workout that’s between a repayment plan and a modification. This is a broad offering that is aligned with Fannie Mae … to assist more struggling homeowners.”

In recent days, the Federal Housing Finance Agency, which oversees Fannie Mae and Freddie Mac, also has announced forbearance options for up to 12 months and mortgage relief to those facing a hardship due to the coronavirus national emergency. The FHFA has also suspended all foreclosures and evictions for at least 60 days. The aid applies to homeowners who have a loan backed by Fannie or Freddie.
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Foreclosures and evictions for mortgages insured by the Federal Housing Administration, Fannie Mae, and Freddie Mac will be suspended for several weeks in response to the corona virus outbreak.

President Donald Trump announced Wednesday that he had directed the Department of Housing and Urban Development to suspend foreclosures and evictions for mortgages insured through the FHA until the end of April. This will “allow households who have an FHA-insured mortgage to meet the challenges of COVID-19 without fear of losing their homes, and help steady market concerns,” says HUD Secretary Ben Carson. “The halting of all foreclosure actions and evictions for the next 60 days will provide homeowners with some peace of mind during these trying times.”

The Federal Housing Finance Agency also announced that Fannie Mae and Freddie Mac would stop all foreclosures and evictions for at least 60 days.

“This foreclosure and eviction suspension allows homeowners with [a Fannie Mae or Freddie Mac-backed] mortgage to stay in their homes during this national emergency,” said FHFA Director Mark Calabria. “As a reminder, borrowers affected by the corona virus who are having difficulty paying their mortgage should reach out to their mortgage services as soon as possible. The Enterprises are working with mortgage services to ensure that borrowers facing hardship because of the corona virus can get assistance.”

The FHFA also announced recently that borrowers impacted by the corona virus who have a mortgage backed by Fannie or Freddie will be able to suspend their mortgage payments for up to 12 months.
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