[WSBARP] Covid-19 restrictions on contract forfeitures

[Eric Nelsen]

I haven't seen any, but check to make sure the relevant county or city hasn't enacted something in addition to state and federal restrictions.

The Federal CARES Act only applies to mortgages backed by Federal insurance (Fannie Mae, etc.) so shouldn't apply to seller financing as in an RE contract.

If it's farmland, I don't know if there are any protections applicable specifically to family farms or the like.

Sincerely,

Eric

Eric C. Nelsen
Sayre Law Offices, PLLC
1417 31st Ave South
Seattle WA 98144-3909
206-625-0092
eric at sayrelawoffices.com<mailto:eric at sayrelawoffices.com>

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From: wsbarp-bounces at lists.wsbarppt.com <wsbarp-bounces at lists.wsbarppt.com> On Behalf Of John L
Sent: Thursday, July 23, 2020 11:40 AM
To: wsbarp at lists.wsbarppt.com
Subject: [WSBARP] Covid-19 restrictions on contract forfeitures

Smart Lawyers,

Are there any Covid-19 restrictions on private real estate contract forfeitures?

Thank you.

John H. Loeffler

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Olson Loeffler Law Group, P.S.
8414 N. Wall, Suite A
Spokane, Wa 99208-6171
Phone: 509.467.6767
JohnL at Ollps.com<mailto:JohnL at Ollps.com>

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