Covid-19 CARES ACT: Pitfalls to Free Money and Mortgage Forbearance

Published: April 17, 2020, 6:11 p.m.

b'This is a candid discussion about the possible pitfalls to some of the free money opportunities under the CARES ACT. \\xa0We discuss possible traps with PPP and EIDL loans that could turn free money into new debt. \\xa0We discuss mortgage issues that could arise from the mortgage relief benefits under the act. \\xa0Don\'t lose your house or get in more debt that you don\'t need chasing free money. \\xa0It might just not be free when the obligation becomes due and the crisis subsides. \\xa0\\xa0Eleanor Haynes is an attorney in Houston, Texas. \\xa0Her website is hayneslaw.com Preston Anderson "The Tax Genie" is in Naperville, IL. \\xa0His website is anderson.tax La Shon Fleming Bruce aka Shonspeaks is an attorney in Houston, Texas. \\xa0Her website is flemingbrucelaw.com'