[Name], COVID-19 Tenant Relief Act forms and eviction moratorium.  

Your first tuesday real estate news
Week of September 21, 2020

San Francisco is alone in its urban exodus, despite pandemic
The recession's impact has been basically the same for California's urban and suburban markets, with one big exception.

Rising 90+ day mortgage delinquencies are the foreclosure shadow inventory
The longer the shadow grows, the greater the tidal wave of foreclosures to come.

The votes are in: License renewal rates remain unchanged — for now
Learn why these agents and brokers are holding on to their licenses despite a recession and pandemic.

Word-of-the-Week: Force Majeure
The concept of force majeure has found new relevance in light of the COVID-19 pandemic.

Brokerage Reminder: HUD advertising guidelines and the Fair Housing Poster
Is your practice compliant with HUD's advertising guidelines?

San Diego housing indicators
San Diego's 2019 home sales volume is still 50% below its 2003 peak.

Orange County housing indicators
As of July 2020, year-to-date sales volume was 10% below a year earlier.

Riverside housing indicators
Riverside finished 2019 with a meager 1% bump in sales volume from 2018.

Current market rates
The average 30-year fixed rate mortgage remained roughly level in the week ending September 18, 2020, now at 2.87%.

Form udpates  form updates this month
 

A new series of COVID-19 Tenant Relief Act of 2020 forms have just been published on the RPI Forms Download page. The new forms are used by residential landlords when a tenant defaults on amounts due under a rental or lease agreement between March 1st, 2020 through January 31st, 2020. Learn more here.


NEW 15-Day Notice to Pay Rent with Required COVID-19 Declaration:

— Form 575: with rent-related fees, on defaults from March 1st to August 31st

— Form 575-1: without rent-related fees, on defaults from March 1st to August 31st

— Form 575-2: with rent-related fees, on defaults from September 1st through January 31st

— Form 575-3: without rent-related fees, on defaults from September 1st through January 31st

 

To access all updated forms, view our RPI Forms library here.
Click on Download the Full Forms Library to download our entire catalog.

 

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