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All tagged Coronavirus
Many are left wondering how the Chicago real estate market will rebound from months of closures and low traffic. With progressing coronavirus vaccinations and pandemic restrictions potentially lifting, this concern is even more prevalent.
As the coronavirus continues to rage across the land, mortgage modifications are becoming more and more frequent.
The pandemic has presented many challenges for everyone, especially for those who find themselves struggling to pay their mortgage. Though there are programs in place to help—both from the government and lenders themselves—not everyone will qualify.
Here are your options for seeking mortgage modifications or your options if you do not qualify. Most importantly, reach out to your lender to see what options might be available to you.
Post-pandemic foreclosures in Chicago are expected to rise throughout the coming months.
Although the majority of the United States is experiencing an unexpected but welcome positive rise in housing prices, the same cannot be said for certain areas of the country. Chicago and the surrounding areas, unfortunately, have not experienced the bright side of the coronavirus housing market, with multiple counties in Illinois negatively affected and currently seriously at risk of detrimental post-pandemic levels of foreclosure.
As COVID-19 rattled the world and left an estimated 30 million people vulnerable to unemployment, the hit was particularly sharp for small businesses. Companies with less than 500 employees are predicted to have been left the most likely to suffer job loss and unable to keep their doors open for business, even as lockdown restrictions begin to lift.
Courts across the country are now facing a unique challenge: developing fair jury trials during the pandemic.
According to the law, anyone who is accused of committing a crime is entitled to a trial in front of a jury. It is widely accepted that poor jury diversity can seriously skew the outcome of a trial from the onset.
The slow re-opening of the country has come as a relief to many of us. Announcements that the country is opening back up, quarantines are being lifted, and people can slowly return to work have provided millions with a sense of normalcy. The COVID-19 pandemic skyrocketed unemployment rates as businesses shut down across the country, but while the slow return to normal life may seem welcome to so many people, it does not come without concern.
Like everything else at this time, the legal system has seen numerous changes because of COVID-19. From contract violations to rent disputes and price gouging, here is what you need to know about recent Coronavirus litigation.
Relief for mortgage payments is here. Congress recently passed the CARES Act which provides relief for individuals with federally backed mortgages.
