Eviction & Mortgage Updates & Relief
Eviction and Mortgage Updates & Relief
Residential EvictionThe Burbank Eviction Ordinance (20-2, 942), which protected against both residential and certain commercial evictions ended on September 30, 2020. It has been replaced by AB 3088 that creates new regulations for residential tenants.
For more information about California's COVID-19 Tenant Relief Act of 2020, read here.
The Burbank Eviction Ordinance does not forgive the payment of rent, but rather acknowledges a commercial tenant is still obligated to pay any missed rent as deferred payments. Any deferred rent will be due six months after the end of the expiration of the Ordinance. The approved Ordinance expires December 31, 2020. This means all deferred rent would be due on June 30, 2021. Additionally, the Property Owner may not charge or collect interest, late fees or other penalties that could accrue on unpaid rent through the end of the six-month grace period.
The City Council continues to encourage both residential and commercial tenants to pay any portion of the rent they can afford, to speak with the landlords and if possible, work out a repayment plan.
Mortgage AssistanceFinancial Relief and Assistance
- Consumer Financial Protection Bureau's Guide to Mortgage Assistance Relief. Read here.
- Fannie Mae Assistance Options for Homeowners Impacted by COVID-19. See here for more information.
- Freddie Mac. See here for more information
Please note: Within the CARES Act, section 4023, concerns Forbearance of Residential Mortgage Loan Payments for Multifamily properties with Federally Back Loans, (2)(d)(2) states
A multifamily borrower that receives a forbearance under this section may not, for the duration of the forbearance—
(1) evict or initiate the eviction of a tenant from a dwelling unit located in or on the applicable property solely for nonpayment of rent or other fees or charges; or
(2) charge any late fees, penalties, or other charges to a tenant described in paragraph (1) for late payment of rent.
The entire CARES Act can be found here. https://www.congress.gov/bill/116th-congress/house-bill/748/text
- The Governor signed an Executive Order that waives penalties for property taxes paid after April 10 for taxpayers who have experienced financial hardship due to the COVID-19 pandemic.