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Saturday, December 4, 2021

California eviction protection leaves homeowners in limbo: eviction attorney

With unpaid rent becoming legal for new tenants in California by March 2022, landlords are struggling to stay financially well-off as they wait for rent relief funds.

Jonathan Madison, an eviction attorney, told The Epoch Times that his clients have started taking loans and filing for bankruptcy while waiting to receive funding because they failed to pay rent.

“Many landlords and property owners will become obsolete while waiting for money,” Madison said. “They still can’t evict their tenants for unpaid rent, so that’s the impact [are] The zamindars who are unable to repay their mortgages, the zamindars who have to take loans, eventually take more debt, are sunk into their savings accounts, their credit reports are negatively affected and eventually their property is taken out of the market.

Wide0 September As the statewide eviction moratorium sets, the new eviction protection is set to take effect on October 1, which will allow tenants to avoid eviction by applying for the release of COVID-1 rent until March 1, 2022.

While some landlords see the end of the moratorium as a relief to move forward with the eviction of unwanted tenants, Madison said the details ignored with the newly implemented eviction protection serve as a continuation of the eviction moratorium.

“There are a lot of landlords and tenants who don’t know or understand that there can be no eviction for unpaid rent during March-March 1 of the following year,” Madison said. “This is largely because of the availability of rental assistance to cover rents, [but] There is no guarantee that the landlord or property owner will receive the money.

On paper, the state is providing a guarantee that all homeowners will receive the money applied for, Madison said. But it is not yet clear when the landlords will receive the funds.

Since the original eviction stay was announced on March 1, 2020, Madison has worked with landlords who are questioning their livelihoods, as it has been almost a year and a half since they applied for relief funds.

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One of Madison’s clients is a senior couple with a retired estate. Tenants occupying their homes stopped renting when the epidemic began. The couple has since decided to take out a loan and filed for bankruptcy.

Despite applying for rent assistance, the couple is waiting to receive their funds, seeing the possibility of their retired property fading. Madison said when couples receive funds, they will be at risk of financial instability.

If the couple does not receive the funds, the rent will be waived for more than two years after the March 311 deadline. However, Madison said that even if the couple received financial support, it would not be enough for the landlords to reach where they had been before.

“Even the payment of all the rents behind the back will not compensate for any interest on their interest,” he said. “It simply came to our notice then. The interest on his own is above and beyond the principal. The back rent is not going to fix the various things that happen to them as a result of not paying their credit report and money.

“There is no protection net for the person, landlord or property owner whose application has been rejected.

“It’s an application; I think people see it as a guarantee. I haven’t heard anyone deny it yet; that doesn’t mean it’s not happening.”

Although the government has already extended the deadline to apply for rent relief, Madison has predicted another expansion due to the potential inability to disburse funds quickly.

“There’s a very strong possibility that they’re going to expand again and again until they actually deliver all the money.”

As of Sept. 2, the state has received more than 000 1,000,000 in applications for its Covid-1R rental relief program and has paid about 50 5,050 million.

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This News Originally From – The Epoch Times

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