The COVID-19 pandemic has resulted in historic financial losses for many people in Maryland and throughout the entire world. Many homeowners, particularly those who are unemployed or hourly or gig-type workers with significantly reduced employment, have taken advantage of mortgage forbearance in order to temporarily reduce or suspend their mortgage payments. But, what happens when […]
The historically high unemployment rates resulting from COVID-19 pandemic layoffs, furloughs and work closures has led to a massive number of unemployment claims. During the first six months of the pandemic, U.S. unemployment claims averaged approximately 1 million weekly. Although the labor market is starting to show some small signs of improvement, unemployment benefit requests […]
The financial toll of COVID-19 on the economy can’t be underestimated, and it’s affecting many people in a highly personal way. Job losses or reductions in working hours have forced many Americans to file for unemployment. With less income, the pandemic is causing many people to fall behind on bill payments. Although some lenders are […]
The COVID-19 pandemic has created significant hardship for many people. As of June 2020, approximately 17.8 million people in the U.S. were unemployed. Across all industries and all levels of work seniority, many people are having a hard time making ends meet. Most stimulus checks were spent long ago, and although families are gaining some […]
From extended job furloughs and unexpected job losses resulting from businesses permanently shutting their doors, the economic fallout from the COVID-19 pandemic has been unprecedented. Not surprisingly, many Americans are finding it difficult to pay their bills. As of early May, millions of mortgagees have been seeking help to make their mortgage payments or defer […]
The COVID-19 pandemic is an unprecedented event in our history. Due to extended stay-at-home orders in many states, an enormous number of people have faced unpaid furloughs, a reduction in paid working hours or in some cases unemployment. During the first two months of the pandemic, more than 36 million U.S. workers filed for unemployment, […]
The COVID-19 pandemic has created a domino effect, with closed business and furloughed employees resulting in record numbers of unemployment applications. In the first month of the pandemic, more than 22 million employees had applied for unemployment benefits with more expected to follow. In the face of job loss, substantially reduced work hours or a […]
Tax refunds, obtained as a result of overpaying on taxes throughout the year, often become an anticipated windfall that people come to expect each spring. According to statistics, nearly eight out of ten Americans get a tax refund each year, and last year the IRS refunded more than 111 million Americans. If you are someone […]
Facing tough financial issues can be the source of significant stress and worry. Mounting pressures from debt collector calls, unpaid bills and choices that can’t be made due to financial struggles can make life difficult. Bankruptcy is often a very sensible option for people who want to gain a fresh start financially. Many people considering […]
Planned communities are often governed by an HOA, or a Homeowners Association. HOAs generally charge fees associated with the upkeep and maintenance of common areas, within the community such as pools, shared patios, esplanades, neighborhood parks and other amenities. At times when funds are stretched very thin (perhaps following a layoff, an accident or a […]
