Affiliate Updates for July 2020
JOHN ADAMS/FRONT STREET MORTGAGE
INTRODUCING THE MICHIGAN MORTGAGE CAST!
John Adams and Front Street have launched a monthly LIVE broadcast program called the Michigan Mortgage Cast. Two episodes have already successfully premiered. We will continue to feature our reoccurring format of interviewing a panel of our own local expert real estate agents and mortgage specialists.
We invite you to Follow our John Adams Mortgage Facebook page to tune into our next broadcast on Thursday, September 24th at 9:30am.
CAPITAL TITLE
Our Capital Title team is celebrating a record breaking July! CT had a record number of closings at 1,132 total closings. They also set record numbers for new orders and closings in one day!
We want to thank our hard working title team as well as our family of agents that have brought us referrals!
CONGRATULATIONS AGAIN TO OUR CAPITAL TITLE TEAM!
Governor Whitmer Extends Executive Order on Electronic Notarizations through September 30
LANSING, Mich. -- Governor Whitmer today signed Executive Order 2020-173, which extends her previous order allowing business to be conducted remotely by permitting expanded use of e-notaries and e-signatures.
“Many Michiganders have done their part in the fight against COVID-19 by wearing a mask and practicing physical distancing. But COVID-19 is still a very real threat to our families, our frontline workers, and our economy. ,” Governor Whitmer said. “This executive order will protect more people during this ongoing public health crisis by reducing unnecessary interactions while providing a pathway for people to conduct business as usual.”
Under Executive Order 2020-173, requirements for in-person notarizations are temporarily suspended and transactions that require a notary to be completed via two-way, real-time audiovisual technology are allowed. The order also permits the use of electronic signatures in all cases, except in rare circumstances when a physical signature is specifically required by statute. The order takes effect immediately and extends the validity of notary commissions through September 30, 2020.
To view Executive Order 2020-173, click the link below:
INSURANCE ONE
Make sure you are covered with Vacant Home Insurance.
You'll need it if you ...
Have moved out of your home and its unsold
Are not living in your home while it undergoes an extensive renovation
Own a rental property that is in between tenants for more than 30-60 days
Contact our team to answer any questions! 1-800-752-0680
RENTAL MANAGEMENT ONE
Fighting the Spread of COVID-19 - Landlords
We’ve received quite a few questions on President Trump’s Executive Order - "Fighting the Spread of COVID-19 by Providing Assistance to Renters and Homeowners". This E.O. authorizes federal agencies, such as HUD and the Department of Health and Human Services, to review for implementation of any policies or measures that may assist renters and/or prevent evictions.
Although it was initially reported as an extension of the federal eviction moratorium implemented by CARES that expired 7/25, it is not. Therefore, properties covered by CARES Act can still pursue their legal nonpayment remedies once any demands or notices issued pursuant to its guidance expire. (Likewise, non-CARES Act properties can still file in their normal course this month once the nonpayment demands expire.)
With that said, be mindful of the following:
• Further orders could be imminently forthcoming from federal agencies that could act as actual eviction moratoriums, similar to the existing one through August on FHA-insured single family homes.
• Likewise, although to date there has not been a deal reached in Congress on another COVID-19 stimulus package, one could still be struck at any time and could include a formal extension of the CARES moratorium.
• States and/or local entities can still institute their own eviction moratoriums, such as what is currently in place in the city of Detroit.
• Local judges may misinterpret the terms of the Executive Order and be under the belief that the CARES moratorium has in fact been extended.
This note is for reference only and not to be used in lieu of legal advice. As always, you should speak with your attorney for answers to any specific legal questions you may have. Rental Management One is currently accepting new clients and would be happy to help you or your clients with their property management needs.
If you are interested in speaking to a property manager regarding our services please click here.