Michael & Anita Marchena Temecula, Murrieta Real Estate Experts
Coronavirus Economic Stimulus Bill will Help Homeowners
During this time, it is essential to stay current with what is happening around us, as we try to figure out how the next few days/weeks will unfold. We wanted to share some useful information regarding the $2 trillion economic stimulus bill passed unanimously by the Senate late Wednesday, March 25th, 2020. After six long days of negotiations, they finally came to an agreement that includes some promising help for homeowners who are experiencing financial hardship as a result of the coronavirus outbreak.
Here’s How The $2 trillion economic Coronavirus Stimulus Bill will Help Homeowners
Homeowners with federally backed mortgage loans can request loan forbearance/delayed payment for 180 days, and that forbearance could be extended to another 180 days if needed.
Homeowners must contact their mortgage servicer directly to request the forbearance—the mortgage company you send your monthly payments.
This Bill also stops foreclosures on properties with federally backed loans.
Bowerers with federally backed multifamily mortgages are also included as long as they are current on their payments; they can request forbearance for up to 90 days.
The Marchena Home Team can help you find your next home and make your move as stress-free as possible. We can offer valuable insight into the areas you desire and will help you through your home buying or selling process. Contact us at (951) 392-8511
Brokers Michael & Anita Marchena
Brokers Michael & Anita Marchena specialize in helping anyone looking to buy or sell a home in Temecula Valley and all surrounding areas. If you are considering moving and would like to work with the best Realtors in Temecula Valley, you need to call Michael & Anita to see how they can help you.
We cover all the areas mentioned above and even extend our services to other locations not explicitly listed. If you’re contemplating a purchase or sale and your city isn’t mentioned, please don’t hesitate to reach out to us. We’d be glad to explore how we can assist you.
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