Are we considered an essential service?

[Meandering]

Ginnie Mae offers help to mortgage servicers
With unemployment soaring and the new stimulus bill allowing some folks to get up to 12 months of forbearance, servicers are bracing for a massive wave of of delinquencies. And servicers are on the hook to get money to mortgage investors whether or not individuals make their mortgage payments.

Not Fannie Mae or Freddie Mac, Ginnie Mae-insured mortgages tend to have a higher risk profile, and thus are more likely to require some sort of forbearance.

But no duck and cover for appraisers.

The appraiser was afraid to go into the subject due to COVID-19 but heck, some family would have bought it on the same day to move in to, as their primary residence.


Yeah that's the ticket.

Only appraisers are afraid to go in other people's homes.

Buyers are immune and will move their families right in there.

I got a bridge for sale.

.

 

[Meandering]

Boilerplate,
makes it all okay.
The Appraiser
"Spoonful of Medicine".

 

[Elliott]

Got this in an email:

Real Estate as Essential Service

In a March 26 letter from the American Land Title Association, Mortgage Banker Association, National Association of Realtors® and National Association of Home Builders, industry leaders issued a formal request to state and local governments to urge them to include among “essential services” the businesses and governmental agencies servicing and supporting the financial services, real estate, and housing industries as they implement stay-at-home orders to combat the coronavirus. View letter here. The housing and financial services industries are being called on to provide unprecedented support for the economy in this time of crisis, including providing critical economic stimulus for households impacted by the crisis. With interest rates at or near all time lows, the volume of mortgage refinancing has increased sharply, allowing families to reduce monthly payments and providing billions of dollars of additional disposable income to families in need. Last week OAR submitted a letter to Governor Brown, Real Estate as Essential Service_19MAR20, urging her to exempt real estate services from any orders issued in Oregon. We know the prospect of a shelter in place order has caused tremendous anxiety within the industry and have followed up our letter with multiple conversations with Governor Brown’s administration and local elected officials.

Breaking News: Washington Makes Real Estate Essential Activity

Today, Washington State approved real estate and mortgage lending as essential business activities. Now it is permissible to engage in real estate sales, as appraisers, settlement agents and escrow officers, property inspectors, mortgage loan originators, processors, and underwriters, and other necessary office personnel including IT professionals, and back office staff necessary to maintain office operations, along with those government workers necessary to review real estate excise tax and record documents. There are still some guidelines to follow, please see documents below for details or view on the OAR website.

The National Association of REALTORS® released a helpful new breakdown of the Coronavirus Aid, Relief and Economic Security (CARES) Act. The bill passed the U.S. Senate and the U.S. House. The President has said he will sign it into law. Here are a few key points for Realtors®:

• REALTORS® who are negatively impacted by the COVID-19 crisis are able to apply for SBA 7(a) loans of up to $10 million to cover business operating costs, including payroll, during the crisis (500 employees or fewer). https://disasterloan.sba.gov/apply-for-disaster-loan/index.html
• Self-employed individuals, independent contractors, and other individuals who are unable to work as a direct result of COVID-19 public health emergency, and would not qualify for regular unemployment of extended benefits under state law are eligible to receive “Pandemic Unemployment Assistance." This excludes individuals who have an ability to telework or individuals who are receiving sick leave or other paid leave benefits.
• Learn more about the Cares Act in this document.

 

[Meandering]

But is anyone giving buyers hazmat suits and face shields to tour the 5 -10 homes they are considering in a purchase?
You know, that way, they are not as afraid of being inside someone else's home, as appraisers are.
Did anyone lift the stay-at-home, shelter-in-place orders for people who want to buy a piece of real estate?
Is anyone reimbursing sellers for disinfecting their homes every time a potential buyer or appraiser goes inside?
Has the virus been re-engineered not to be triggered when the "happy I found the home I always wanted gene" is active?

Has the ivory tower provided a value definition and market condition outlines specific to a market operating during a global pandemic with hockey stick numbers of increasing daily?

Oh but you're "essential", well, at least until you cough where someone else could see you.

.

 

[djd09]

realtors must be salivating about their new marketing ploy. 'Corona-Free home for sale, CDC approved.'

 

[Meandering]

Federal government and the CDC is tracking Americans' cell phones to see how they move and spread coronavirus during the pandemic

Wonder if that includes "essential" workers, or just buyers and sellers.

 

[glenn walker]

I attach my new Click Forms Covid-19 Certification to my clip board that makes me an-essential service provider

 

[Meandering]

A potential buyer coughed in my house.

Who can I sue over the mental anguish of them spreading the virus in my property?

.

 

[Joe Flacco]

Appraisal is a essential service. Doesn't mean that anybody must work or is required to work.

 

[Carnivore]

A potential buyer coughed in my house.

Who can I sue over the mental anguish of them spreading the virus in my property?

.

You should get a Law Degree and become a Lawyer. I see real opportunities for you as an Ambulance Chaser