After the COVID-19 pandemic began threatening the livelihoods of Floridians, making it difficult for residents to meet their monthly financial obligations, Florida Governor Ron DeSantis signed an executive order in April that placed a statewide suspension on evictions and foreclosures. The order “prohibited landlords and banks from taking eviction and foreclosure actions against delinquent renters and homeowners.” While the order has been extended several times due to COVID-19, DeSantis decided to push back the expiration date once again, this time to August 1st.
While the order does prevent a person from being evicted from their home, the order “doesn’t excuse renters and homeowners of their obligation to pay rent or make mortgage payments.” This means any amount you are unable to pay while the order is active is still money that is owed to your landlord or lender. If you know you aren’t going to be able to pay the amount that is owed by the time the order expires, contact Legal Counsel, P.A. to speak with an Orlando, FL real estate lawyer.
Foreclosure Filings are Down Despite the Current Crisis the U.S. is Facing
Despite the fact that millions of Americans are unable to cover their monthly bills due to a lack of work, foreclosure numbers are down, cites the Orlando Business Journal. While most would assume these numbers would be higher during this time of crisis, Ohan Antebian, who is the general manager of foreclosure listings for the site Realty Trac, attributes this dip in filing to the says that “When [the moratoriums are] lifted, lenders will be able to decide how fast to pursue these cases, which will have a ripple on all the ancillary activity connected to foreclosures. That likely will mean a surge of work for real estate lawyers, process servers, courts, and others. But for now, the industry is running in place.”
Are you worried that your home might go into foreclosure due to a lack of payment? Are you concerned that you won’t be able to cover your rent once the order is lifted?
If these are some of the concerns you currently have, the Orlando, FL real estate lawyers at Legal Counsel, P.A. can help you understand your legal rights and what options are available to you. Although the COVID-19 pandemic may have put you out of work, your obligation to your lender or landlord still stands. If you are considering selling your property or breaking a lease, speak with the attorneys at Legal Counsel P.A. before making any decisions.
Legal Counsel P.A. has an office in Orlando which is located at:
189 S. Orange Avenue, Ste. 1800
Orlando, FL 32801
Email: [email protected]