Since President Donald Trump declared a national emergency due to COVID-19,
Americans’ lives have been turned upside-down. Schools have been
closed and students switched to online learning. Businesses everywhere
have shut down. Concerts, conventions, and events have been canceled,
and even movie theatres have closed their doors. As a result, millions
of Americans have been forced out of work.
Since so many Americans are living check-to-check, it’s understandable
why even four to six weeks of income loss can affect people’s ability
to pay their mortgages. Because of this pressing issue, Governor Ron DeSantis
suspended all foreclosures in Florida for 45 days. While aiding debtors
was a key motivator, another driver behind the measure is keeping Floridians
in their homes to slow the spread of the coronavirus.
Florida’s Broken Unemployment System
unemployment website has experienced a record number of people who were forced out of work
due to COVID-19 and DeSantis is well-aware of the issue. In fact, he’s
reached out to employees who work for the state to help take phone calls
from people calling into Florida’s unemployment hotline.
According to DeSantis, he’s making the state’s broken unemployment
system his top priority. If people aren’t able to file for unemployment
because the system isn’t operating efficiently or at all, their
benefits could be delayed for weeks.
“Hundreds of thousands of workers are being furloughed right now;
we are all concerned about their ability to meet any kind of payment,’’
said Douglas Bibby, president of the National Multifamily Housing Council,
in an interview. “That’s why we’re working with lawmakers
to get emergency assistance for renters.’’
When the 45 Day Suspension Expires
While the 45-day suspension on foreclosures is much-appreciated, what happens
when the suspension is lifted and a debtor is still unemployed or has
not recovered enough to get caught up on their mortgage? Bankruptcy might
help. For example, if a person can’t afford their mortgage, they
may qualify for a
Chapter 13 bankruptcy, which can help save their home from
If you’re concerned that your economic stimulus check and the suspension
aren’t enough to save your home, contact Albaugh Law Firm for help.