Eviction Bans Expire, BUT...
August 4, 2020
A moratorium on evictions expired on July 25th; however, local governments are preparing to delay the process.
According to the CARES Act, property owners with federally backed mortgages, who currently have renters, can begin the eviction process now that the July 25th deadline has passed. Cities and counties are individually extending the process. Most cities and counties in the metro area are delaying a property owner’s ability to process evictions.
Cobb County Court issued a statement saying they will not process any evictions until "sometime in August." Fulton County Court said they would not process evictions until they can safely open to the public, which is expected in September/October.
This delay in processing will create a significant backlog of cases once the process is open again. The real estate industry is currently working with elected officials to help property owners maintain their properties and help renters stay current on rent. Stay tuned for more information.
For more information contact Governmental Affairs Director, Aaron Johnson, at 404-732-0631.
About the 400N Market Brief
The 400 North Association of REALTORS® (400N) Market Brief is compiled by Georgia Multiple Listing Service (GAMLS). For more information on details of this month's report, please contact the Association at 770.845.4008.
*Each month, the numbers reported for the previous month are updated to reflect additional recordings.
About the 400 North Association of REALTORS®
The 400 North Association serves as a central source of information for our members and our main focus are real estate education, the promotion of professionalism in our industry and representing our REALTOR® members with legislative initiatives to create positive change for the real estate community. Throughout its history, the 400 North Association has exerted its influence in civic affairs in its capacity of representing a substantial segment of the business community across the Forsyth, Dawson and Lumpkin area. The Association has contributed to various charities over the years by hosting fundraisers.
About First Multiple Listing Service
First Multiple Listing Service (FMLS) is the premier data services provider for real estate professionals in Georgia. FMLS was founded in 1957 by a group of Brokers who wanted to share their listings and connect buyers and sellers. Today FMLS is the largest MLS in Georgia & the 4th largest MLS in the United States, serving nearly 54,000 real estate Agents & Brokers. For additional information or to start a discussion about how to partner with FMLS please contact email@example.com.