Local Governments Responding to Increased Default Risk

first_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Local Governments Responding to Increased Default Risk Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Previous: How the CARES Act May Impact Mortgage Servicers Next: Investment Update: The Bright Spots in Bank Performance  Print This Post Subscribe The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago in Daily Dose, Featured, Government, Loss Mitigation, Market Studies, News Demand Propels Home Prices Upward 2 days ago Related Articles Across the country, state and local governments are placing moratoriums on foreclosures and evictions as more and more homeowners are impacted by COVID-19. In some of the hardest-hit states, including California and New York, officials are placing restrictions on landlords issuing evictions.Los Angeles Mayor Eric Garcetti issued an executive order that no landlord can evict a residential tenant in the City of Los Angeles during the local emergency period. Tenants will have up to six months following the expiration of the local emergency period to repay any back due rent. The LA City Council is considering expanding the moratorium to 12 months.Meanwhile, in Oakland County, Michigan, County Treasurer Andy Meisner announced that the county will not be issuing residential or business foreclosure notices through the end of 2020. According to Meisner, the county will not be foreclosing on homes or businesses that do not make the March 31 tax deadline.Recently, Nevada Governor Steve Sisolak announced an emergency directive putting a moratorium on all evictions and foreclosures in his state. The directive will be in effect for 90 days and applies to both residential and commercial tenants.”This is not the time to put people out on the streets,” Sisolak said. “This is also not the time to evict small business owners who have been hit by the economic fallout of this pandemic.”On a national level, Wells Fargo & Company has announced that it has suspended residential property foreclosure sales, evictions and involuntary auto repossessions, as part of additional comprehensive steps to help customers, communities and employees grappling with the impact of COVID-19. Additionally, the Wells Fargo Foundation will increase its charitable donations to $175 million to help address food, shelter, small business and housing stability, as well as to provide help to public health organizations.center_img The Best Markets For Residential Property Investors 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Seth Welborn is a Reporter for DS News and MReport. A graduate of Harding University, he has covered numerous topics across the real estate and default servicing industries. Additionally, he has written B2B marketing copy for Dallas-based companies such as AT&T. An East Texas Native, he also works part-time as a photographer. March 30, 2020 1,504 Views Coronavirus default Eviction Foreclosure Rent 2020-03-30 Seth Welborn About Author: Seth Welborn Data Provider Black Knight to Acquire Top of Mind 2 days ago Tagged with: Coronavirus default Eviction Foreclosure Rent Share Save Sign up for DS News Daily Home / Daily Dose / Local Governments Responding to Increased Default Risklast_img read more

Game changer in virtual realisations

first_imgA new 3D virtualisation platform, using the latest gaming and architectural technology, is now available to the property market. Revvis offers the ability to virtually walk through ‘live’ any yet-to-be-built or existing property. You can accompany and guide a potential buyer, and you can both interact with the property, adding a new dimension to viewings.The user is able to plan and decorate the interior and the garden through a specialised menu. For example, you can view various kitchen and bathroom options; choose furniture and move it around; change the colour of the walls; select furnishings, fixtures, fittings, flooring and tiles; measure windows for curtains; check that their television isn’t too big for the living room or decide where would be best for their barbecue and outdoor furniture to go. It is the only way to truly visualise the property as their new home.Having recently launched in March 2020, Revvis is already working with a wide range of property professionals including housebuilders, developers including two of the top five real estate agents in the UK.Paul Spencer, Managing Director of Sales (UK) for Revvis said, “Virtual tours should be more than just showing a video or walkthrough, but creating greater engagement in the property and ultimately converting it to either a physical viewing, maximising sales both off-plan and existing.“We at Revvis strongly believe the short-term norm of virtual viewings will become the standard practice for estate agents and developers going forward as businesses adapt to a more dual process to qualifying properties, that is by both the agent or developer and potential buyer vetting before a physical viewing takes place.”This link is to one of Revvis’ recent visualisations of Gabriel Square – a townhouse in a gated development in St Albans.3D virtualisation platform gaming and architectural technology VR walkthrough Revvis paul spencer virtual property tours virtual viewings July 1, 2020Jenny van BredaWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021 Home » News » Game changer in virtual realisations previous nextProptechGame changer in virtual realisationsThe Negotiator1st July 20200142 Viewslast_img read more