Yesterday afternoon I spoke with my colleague, litigation attorney Bailey S. Lowther, about the Florida Governor’s recent stay order which provides temporary foreclosure and eviction relief due to the COVID-19 pandemic. In the short video below we discuss who it affects and how long it lasts. Williams Parker’s COVID-19 response team is continuing…
Small businesses do not owe Florida excise taxes, also known as documentary stamp taxes, for loans obtained pursuant to the Paycheck Protection Program under the CARES Act. Generally, Florida loans are subject to documentary stamp taxes equal to 35 cents for every $100 (capped at $2,450 for unsecured loans). The…
Mortgage Relief in the CARES Act
Title IV of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), provides mortgage relief to homeowners with federally backed mortgage loans. The CARES Act allows eligible borrowers to request forbearance on loan payments for six months, and then request an additional six month forbearance period. The Act also…
In recognition of COVID-19’s impact on the ability of Floridians to make mortgage and rent payments, Florida Governor Ron DeSantis issued Executive Order #20-94 on April 2 suspending the ability of mortgage lenders and landlords to bring actions for foreclosure or eviction for a period of 45 days from the date of the…
A Video Conversation on Federal Stimulus Assistance for Independent Contractors
Following is a video of a short conversation I had this morning with my colleague James-Allen McPheeters about federal stimulus availability for small businesses, independent contractors, and sole proprietorships. For more information on these programs, please contact James-Allen. Keep in mind that aid currently available can be handled directly through the Small Business Administration or with…