Will evictions and foreclosure ever resume?
Since being inaugurated, President Biden has by executive order extended federal moratoriums on evictions, foreclosures, and student loan repayments first implemented by the CARES Act, the CDC, and the previous administration.
Although recorded recently, some of the timelines in this episode have already changed. As of this post:
Check back here, or at www.YesnerLaw.com or follow us on social media for the latest information.
What should you know?
Evictions - the CDC prevents evictions if the reason for eviction is due to a loss of income caused by COVID. This only impacts residential evictions, and the CDC has five requirements that the tenant must attest to under penalty of perjury. If one of those five requirements is missing, it is probable that the tenant could still be evicted.
The CDC has not (and cannot) eliminate the requirement to pay rent. There is rental assistance available to the tenants to catch up on most or all of their unpaid rent.
Foreclosures - FHA and FHFA have suspended all foreclosures and bank-owned evictions until February 28 or March 31, 2021 (unless extended again). The CARES Act requires lenders to offer a repayment plan, and many lenders can modify the loan, but cannot require a lump sum to catch up past due payments missed due to economic factors caused by COVID. The CARES Act does not eliminate the requirement to pay mortgage payments.
Student loans - For federal loans owned by the US Department of Education, there is a suspension of payments, interest accrual and collection, until October 2021.
If you have specific questions, please reach out to Shawn@YesnerLaw.com.
Stay safe, get a vaccine, wash your hands, social distance, and please be nice to each other!
When would you send someone flowers? A birth? A death? Graduation? Promotion? Medical recovery? Just moved in? Employee benefit?
What if, instead of flowers, you could send a meal made with fresh ingredients by a gourmet chef?
My interview this week is with Micah Serwitz, owner of Instead of Flowers, a gourmet food delivery service. I've used Instead of Flowers to send meal gifts to someone recovering from a heart attack, to a family displaced from their home after a fire, and I've heard of them being used for all the reasons above, and more!
Micah and I discuss: (1) how and when people can use Instead of Flowers, (2) why they are different than a standard meal delivery service, and (3) how the pandemic has impacted their business.
You can order from or for anywhere in the United States at their website: www.InsteadOfFlowers.com. If you don't know what your recipient would like to eat, you can order a gift card as well and they can choose!
While they're eating a delicious meal, your recipient can also read my book to become debt free - www.ShawnMYesner.com/BecomeDebtFree.
Do you dream of taking your business to the next level, but don't know where to start?
Do you want to work on the things that light you up versus the things that drag you down?
Learn how to maintain a positive attitude even in the face of adversity!
Do you feel stuck in a hole or stuck in a rut and want to get out?
Have you created complimentary businesses to provide additional revenue to you and your company?
I am beyond excited to bring one of my heroes, one of my mentors onto this week's episode of the Crushing Debt Podcast - Dr. Ivan Misner, Founder and Chief Visionary Officer of BNI, the world's largest business networking organization.
You'll want to have a pen and paper with this episode, as Dr. Misner answers the above questions and the interview is FILLED with knowledge you can use to widen your network and generate more business.
Please also check out my free book on how to become debt free: www.ShawnMYesner.com/BecomeDebtFree.
What books have been the most influential to you? Who are your favorite authors?
For as long as I can remember, I have read - books, magazines, articles, whatever I can get my hands on. I enjoy reading and believe that the most educated becomes the most successful.
In 2020, I made a goal to read 50 books. I accomplished that goal on December 15, 2020, and read two more books, bringing my total to 52 books for the year (averaging one book per week).
As I've done the last few years, I wanted to highlight some of the books I read, and the lessons learned. All fifty-two book had an impact on me, but these are the ones that stood out.
Thanks again to our friend and sponsor, Sam Cohen with Attorneys First Insurance, who you can reach at www.AttorneysFirst.com, or Sam@AttorneysFirst.com.
The below list are the books I discuss on the show. Some of the links are affiliate links, so if you click on the link and buy a book, I might earn a small fee:
I'm looking for more books to read in 2021. What are your suggestions?