South Dakota’s “Back to Normal” Plan

By Careen Roberts

In the News ,
Tags: CARES Act, covid-19 real estate laws, real estate loan forbearance, Section 4022
01 May

The CARES Act, Section 4022, provides forbearance for 180 days (½ year). You can apply for an extension of another 180 days (half a year). This gives you the possibility of paying nothing on the loan for your rental property for the next 12 months. You also do not need to pay late fees or additional interest on your loan. In other words, the typical penalties that apply to late loan payments are waived in this situation.

April Rent & COVID-19: Sioux Falls vs. National Rates

By Careen Roberts

In the News ,
Tags: CARES Act, covid-19 real estate laws, real estate loan forbearance, Section 4022
09 Apr

The CARES Act, Section 4022, provides forbearance for 180 days (½ year). You can apply for an extension of another 180 days (half a year). This gives you the possibility of paying nothing on the loan for your rental property for the next 12 months. You also do not need to pay late fees or additional interest on your loan. In other words, the typical penalties that apply to late loan payments are waived in this situation.

Foreclosure Moratorium and Consumer Right to Request Forbearance

Understanding the CARES Act, Section 4022

By Josh Kattenberg

In the News ,
Tags: CARES Act, covid-19 real estate laws, real estate loan forbearance, Section 4022
29 Mar

The CARES Act, Section 4022, provides forbearance for 180 days (½ year). You can apply for an extension of another 180 days (half a year). This gives you the possibility of paying nothing on the loan for your rental property for the next 12 months. You also do not need to pay late fees or additional interest on your loan. In other words, the typical penalties that apply to late loan payments are waived in this situation.

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