We need your help to confirm the status of your properties in relation to the CARES Act that was signed into law on March 27.  What is needed as a result of the CARES Act requirements?  For every property (for every client of ours), we need to know whether that property is financed with any loan(s) that meet the definition of Sec. 4024 of the Act as a “Federally backed mortgage loan” or a “Federally backed multifamily mortgage loan.”

UPDATE – Please read this Press Release that went out on August 7, 2020 regarding 30-day late letters.

UPDATE – Up-to-date information on the 9/4 CDC’s Order: A “Temporary Halt” for Nonpayment Evictions

UPDATE  North Carolina H.O.P.E. Program that went into effect on October 16.

UPDATE – NC Gov. Cooper issues Exec. Order 171 affecting new eviction filings.

**NEW UPDATE** – December 22 – Congress Extends the 9/4 CDC’s Order: A “Temporary Halt” for Nonpayment Evictions through Jan. 31, 2021.

Covered Properties

For each property that DOES have that type of federally-backed financing, the CARES Act’s 120 Day late fee and eviction “moratorium” applied to the Property through July 25th. We call these “Covered Properties” and label them in our system so we can differentiate them from “Exempt Properties” (see below for more)

If you know your Property is a “Covered Property” under the Act, then please complete the form below letting us know the name of your Property and its status as a “Covered Property,” so we may then note that in our system.

For Covered Properties, however, remember: the CARES Act also requires that Covered Properties must provide a 30 Day Notice to Vacate to every tenant who is behind on their rent before you can submit a case to the Court for eviction due to the non-payment. The expiration of the “eviction moratorium” on July 25th did NOT remove the obligation to send these 30 Day NTV notices, however – we are still required to collect these Notices from you as part of our case review process unless/until we have a change in the law, or a binding clarification of this provision. So, if you’re a “Covered Property”, until further notice, please always send BOTH a 30 Day NTV notice and a “forbearance letter” (see below for more information) to us as part of all new case submissions.

Forbearance Status

For every property that is a “Covered Property,” please note that for the foreseeable future, you will see a new information request from us: we must ask you to verify whether the Morgtgage Loan for your Property is “in forbearance” anytime you ask us to file a new case, and again later, if/when you seek a Writ in any of those cases. The reason for this is that Sec. 4023 of the Act allows a Covered Property to ask the lender for “forbearance” from making the Property’s mortgage payments, for up to 90 days.  If a “Covered Property” has the Owner place the mortgage into forbearance with the lender at any time, Sec. 4023 prohibits you from not only filing new eviction cases, but also from seeking a Writ on any Judgments for possession that you might have obtained along the way – all the way through the end of 2020, potentially.  So, for now, every new case request and every new Writ request for Covered Properties will be followed by a request from our Team that you first verify that the Property is not in forbearance, so we know you are allowed to proceed  before we approve and file them for you.

To speed this process up, though, we have created a handy form letter that you can use to give us this forbearance information at the time you make the request, by completing it and uploading it with your case documents before you submit your request.


Exempt Properties

For each property that does NOT have any “federally backed mortgage” financing, those properties are able to conduct business as usual (in NC, the Courts are expected to again be accepting new eviction filings and holding hearings on previous cases starting June 21). However, in each of our 3 service States (NC/SC/GA), the Courts now require additional documentation as part of all new eviction cases: a CARES Act certification/affidavit (each state has their own form) must be provided with each new case sent to the Courts for filing.

So, in order to proceed for you, we need all clients to reach out to their lender/servicer and ask them to provide a formal written confirmation of whether the Property has a “federally backed multifamily mortgage loan” as defined in the CARES Act. If the Property is backed with a loan covered by the CARES Act, then we will note it in our records; but, if the Property is either not federally backed or is owned free and clear, then we will need the following information so that we can provide it as part of the CARES certification documentation that is now required:

  • For loans that are not federally-backed, we need a letter on letterhead from the lender/servicer that says: 

Our Company is the [lender]/[servicer] of the loan(s) issued to or for the benefit of the Owner of the property known as [Property Name] – [Owner Legal Name].  As such we are familiar with the nature, backing and issuance information for all such loan(s).  We hereby confirm that there are no loan(s) in place for this Property that meet the definition of the term “Federally Backed Multifamily Mortgage” as defined by Sec. 4024(a)(5) of the Act. 

  • For properties not subject to a mortgage:

We’ll need the Owner to provide us with an Affidavit confirming that it is not subject to financing, so that when we prepare and submit cases for any evictions that are needed during the Moratorium period; the Affidavit can be provided to the Court so that it is clear that the eviction filing is proper under the Law. For single family properties (as opposed to Multi-Family Apartment Communities), we ask that you use this affidavit instead.

Once you have that written confirmation, please upload it to our partners using the form below so that we can have all your properties properly entered into our system as soon as possible so we know whether we’ll be able to file an eviction case with the Court for you.