The COVID-19 pandemic led to federal and local moratoriums on evictions, primarily through the CARES Act which protected tenants in federally backed housing until August 25, 2020. Landlords facing financial hardship because of the moratoriums received relief through PPP loans and mortgage forbearance options.
READ MORECan People Still File for Bankruptcy? As of the writing of this article, people can still file for bankruptcy. The best thing you can do is to check ...
READ MOREReal estate flipping can be profitable but carries risks and requires you to navigate FHA re-selling restrictions, mortgage loan disclosures, and title requirements. Mortgage fraud schemes can also inflate property values while title issues can make ownership unclear.
READ MOREA quiet title action is a legal process used to resolve disputes or defects in property ownership, such as unclear boundaries, unresolved liens, or conflicting claims, resulting in a clear title and uncontested ownership. A primary benefit of pursuing a quiet title action is to prevent future challenges to ownership of a property.
READ MORECOVID-19 has disrupted real estate deals, prompting buyers to use force majeure clauses or incorporate COVID-19 addendums to protect earnest money. These addendums can address delays, job loss, or illness, and allow flexibility in inspections and financing while also offering legal protection in a volatile housing market affected by the pandemic.
READ MOREIn the wake of COVID-19, the team at Thrift McLemore created a dedicated team to help clients virtually and via telephone to navigate the uncertainty they are facing. Experienced attorneys can quickly understand, analyze, and create an effective action plan for legal issues.
READ MOREIn response to numerous questions and concerns received by the attorneys at Thrift McLemore, the firm has created and published a Free Booklet: “How Should Real Estate Developers, Investors & Agents Respond To Coronavirus?”
READ MOREIn response to COVID-19 shutdowns, the SBA is offering Economic Injury Disaster Loans of up to $2 million to Georgia small businesses at 3.75% interest with terms up to 30 years. The loans are aimed at helping businesses stay afloat during the economic crisis caused by the pandemic.
READ MOREWhen contracts disputes arise because of unforeseen events caused by COVID-19, a party may rely on a force majeure clause or the doctrine of frustration. A force majeure clause limits damages if an event outside the control of a party prevents performance, while the doctrine of frustration excuses performance if an event radically alters the contract’s purpose.
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