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Gryphon USA: Biden plan to delay evictions ends with little benefit for tenants or landlords


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Gryphon USA: Biden plan to delay evictions ends with little benefit for tenants or landlords
Gryphon USA: Biden plan to delay evictions ends with little benefit for tenants or landlords
PR Newswire
COLUMBUS, Ohio, Jan. 18, 2021
COLUMBUS, Ohio, Jan. 18, 2021 /PRNewswire/ President-elect Biden s plan to extend moratorium on evictions another eight months only creates a larger mess for landlords and tenants, Columbus distressed asset manager and foreclosure broker/auctioneer Richard Kruse believes.
Biden has unveiled a $1.9 billion stimulus plan that includes extending the eviction ban to Sept. 30 in a bid to avoid a flood of foreclosure and eviction filings awaiting courts in the nearly 10 months since the federal government originally put a Covid moratorium into effect. ....

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Gryphon USA: Extension of eviction, foreclosure moratorium no long-term solution


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COLUMBUS, Ohio, Dec. 23, 2020 /PRNewswire/  Recent actions at the federal level to extend foreclosure and eviction moratoriums on certain sections of the housing market through January will allow the incoming administration of President-elect Biden to revisit the issue after Inauguration Day, according to Columbus distressed assets manager and auctioneer Rich Kruse.
But the Gryphon USA Ltd. principal said adopting that strategy for too long could create risks for the housing market as many landlords and mortgage holders begin to assess the impact on their businesses.
Congress supported the extension of mortgage foreclosures and eviction protections to certain properties through Jan. 31 as part of a second round of support for those facing job loss and other economic stress as a result of the COVID-19 pandemic. A number of federal agencies had already extended the moratorium that were due to expire on Dec. 31. ....

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