But landlords say a spike is unlikely. They argue that they must have a way to replace non-paying tenants with paying ones, or they risk foreclosure themselves. An extended moratorium creates an incentive to not pay. The delinquency numbers suggest that hasn’t been the case, but it does appear the elimination of late fees in Colorado from March to June 13 may have resulted in more late payments. … [Read more...] about With moratorium lifted, will Colorado’s rental market see a spike in evictions?
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Britain's budget watchdog, the Office for Budget Responsibility, said in March — before the country entered lockdown — that it expected economic output to be about 4% lower over the next 15 years than it would have been without Brexit, even if the United Kingdom and the European Union reach a "typical" free trade agreement. … [Read more...] about Could the United Kingdom become an emerging market?
“Building and apartment inspections are necessary to maintain properties, comply with local laws, and for insurance purposes,” the company said. “In response to the unprecedented COVID-19 crisis, we proactively reached out to all our elderly residents to offer to help with any of their daily activities. We are continuing to work with (affected) residents and properties on rent deferrals and other considerations while ensuring that enhanced cleaning protocols are in place at each property.” … [Read more...] about Oakland tenants protest apartment tours during coronavirus, landlord cancels inspections
“A drop in active listings isn’t necessarily a problem, but it’s a significant disruption to the market dynamics of supply and demand. If the amount of active buyers remains constant, and the available inventory drops, house prices will rise,” he said. … [Read more...] about “What economic slowdown?” Metro Denver home sales surge in June as demand outstrips supply
Contributing to the accelerated growth of Princeton Mortgage’s expansion is the addition of Stephani Pegg as Head of Escalations. Prior to Princeton, Stephani was AVP Lending at Wells Fargo, VP Underwriting Manager at Premia, Credit Manager at Ameriprise, and the Loan Origination Solutions Manager at Summit Mortgage. “I have always been the person deemed the go-to for finding answers to both loan-level and process-level issues,” commented Stephani. “Princeton has a culture that fits mine as closely as any company I have ever encountered and I look forward to pushing my limits here.” … [Read more...] about Princeton Mortgage Opens Minneapolis, MN Branch