Commercial owners struggle like renters, homeowners during COVID

Realty Check

By Erica Minchella

Erica Crohn Minchella, is the head of the boutique real estate firm of Minchella & Associates, Ltd., handling residential and commercial real estate transactions and litigation such as foreclosure defense, quiet title, and partition actions. erica@ecminchellalaw.com

Posted May 17, 2021 11:41 AM

On Feb. 16, the Biden administration announced an extension of forbearance and foreclosure protections for homeowners adversely affected by the COVID-19 pandemic. According to the news release, more than 10 million homeowners are behind on their mortgage payments. The moratorium on foreclosures was extended to June 30, the time for requesting a forbearance was extended to June 30 (which was when the program was supposed to expire), giving up to an additional six months of forbearance. The Consumer Financial Protection …

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