By Kate Dore: For More Info, Go Here…
As federal benefits inch closer to expiring, millions of Americans are still looking for work. Last week, another 1.3 million people filed for first-time unemployment insurance benefits. Without the option to postpone mortgage payments, renters may be particularly vulnerable.
While state and local governments have paused evictions, some orders may have already ended—and the CARES Act moratorium will expire on July 25. Without these orders, the COVID-19 Eviction Defense Project predicts that up to 23 million renting families could lose their homes by September 30.
If you’re struggling to pay rent and grappling with the possibility of eviction, you may have more options than you expect. But as the New York Times reports, the process of preventing eviction may take weeks, at a minimum—so the sooner you act, the better your chances are of staying in your home.