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Ppp Loans | From Urb to Burb and Beyond Blog

Tuesday, January 19, 2021   /   by Vanessa Saunders

Mortgage forbearance payback hell!

By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems Real Estate.
http://www.globalpropertysystems.com

Over the past few weeks, I have been speaking to many people who are concerned about the end of their post-Covid19 forbearance time. Those struggling to pay their mortgages due to the consequences of Covid19, be they parents who can’t work because they need to be at home with their children homeschooling, or the many whose jobs just fizzled out and don’t appear to be coming back because their employers have shut up shop - unable to pay their own bills. Now tax time is adding to the misery for those who don’t have their taxes prorated into their mortgages. The majority of the people I speak to are seeing their savings dwindle as the pandemic continues. Everyone is concerned that their flow of money has all but dried up, and wonder how long it will take the economy to get back on its feet.
The homeowners I have spoken to were all relieved the lif. ...

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  hudson valley real estate, hudson valley property, hudson valley home, 'urb to 'burb, hudson valley home owners, hudson valley home sellers, selling your home, pandemic, financing, mortgage, lending, forbearance, forclosure, covid 19, ppp loans

Tuesday, December 29, 2020   /   by Vanessa Saunders

PPP Phase II - Forgivable Loans for small business are back again.

By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems Real Estate.
The latest federal financial drama is over, as out-going president Trump has reversed his earlier position and has signed the latest Covid-19 relief package. Among the many layers in the larger spending package is rental assistance, eviction protections and direct payments to American citizens. Significantly for small and mid-sized businesses is the second phase of the Paycheck Protection Program, which is rolling out with similar but slightly tighter requirements for applicants.
Basically, applicants need to show that their revenue dropped at least 25 percent year-over-year in the fourth quarter of 2020. While many sectors of American business have responded well to the first PPP round, some industries such as hospitality have continued to languish. Also, the new bill also restricts PPP money to companies with 300 or fewer employees. That’s opposed to the 500-person cap that existed during thh ...

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  hudson valley real estate, hudson valley property, hudson valley home, 'urb to 'burb, pandemic, covid 19, ppp loans

Global Property Systems
Vanessa Saunders MBA MIMC CIPS - NYS RE Principal Broker
56 Lafayette Avenue Suite 320
White Plains, NY 10603
914-290-5258


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The information appearing herein has not been verified by One Key, Inc or by any individual(s) who may be affiliated with said entities, all of whom hereby collectively and severally disclaim any and all responsibility for the accuracy of the information appearing at this web site, at any time or from time to time. All such information should be independently verified by the recipient of such data. This data is not warranted for any purpose.

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