Coronavirus Aid, Relief & Economic Security (CARES) Act & Coronavirus Resources for Property Owners:
Now that Congress has passed, and President Trump has signed, the Coronavirus Aid, Relief & Economic Security (CARES) Act, which brings a $2 TRILLION stimulus to the economy, it’s time to take a look at how that affects property and business owners.
Coronavirus Resources for Property Owners:
The National Association of Realtors has put together many resources, and will be adding many, many more. With the Coronavirus affecting so many industries, sectors, companies and individuals, information is at a premium. Find out more about SBA Loans, FHA Programs, Fannie Mae & Freddie Mac (GSEs), Veterans Affairs, RESPA, TRID (TILA-RESPA Integrated Disclosure), Coronavirus, Rural Housing Programs.
Coronavirus Aid, Relief & Economic Security (CARES):
The CARES Act is a monster – over 800 pages! The most widely talked about feature of the bill is the check to families. Not every family will receive a check but millions will, and it can’t come too soon.
Forgivable Small Business Administration loans: self-employed independent contractors may qualify for forgivable SBA loans
SBA Economic Injury Disaster Loans (EIDL): The EIDL program supports small businesses facing temporary loss of revenue as well as working capital.
If you have questions about your home, don’t hesitate to call me at 949-285-1207. There is much more information coming so please check my blog often.
Download a PDF of Coronavirus NAR Resources for Property Owners.
#coronavirus #realestate #housing #SBA #FHA #GSE #VA #veterans #RESPA #TRID #bruceclark #mortgage #homeloan #bankofamerica #capitalone #chase #wellsfargo #usbank #cfpb #departmentoflabor #EPA #FHFA #IRS