Get Rich Education

You can postpone mortgage payments with forbearance.  If you collect rent payments from your tenants, can you pocket it all and not pay your mortgage? What a windfall! (Complete episode transcript is below. Read along as you listen.) In crisis times, your cash flow is your cushion. Last year, the publication “Emerging Trends In Real Estate” forecast that the chances of a pandemic roiling the economy were low. The CARES Act’s effect is discussed. Payments follow five links in a chain: employer - renter - investor - mortgage servicer - mortgage-backed security holder. What’s the difference between a lender and a mortgage servicer? Ethics and greed. Are there deleterious consequences of forbearance? Resources mentioned: Read episode transcript at: www.GetRichEducation.com/290 CFPB Video on CARES Act: https://www.consumerfinance.gov/coronavirus/ cares-act-mortgage-forbearance-what-you-need-know/ Mortgage Loans: RidgeLendingGroup.com QRPs: text “QRP” in ALL CAPS to 72000 or: TotalControlFinancial.com By texting