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Tuesday, April 7th, 2020

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Posted by: | Posted on: April 7, 2020

Is Your Building Protected During a Temporary Vacancy?

Elizabeth Krol, Partner, and Jared Dubrowsky, NFP

The COVID-19 global pandemic continues to cause mass commercial real estate vacancies throughout the US. Many buildings were ordered closed with limited notice and without proper decommissioning of building systems. These abrupt closures have created a great deal of uncertainty for property owners, including the physical and environmental conditions of their assets.

Who bears responsibility when government officials shut down a business or premises due to COVID-19? Do the insureds maintain the same duties during the crisis or are they absolved from their responsibilities?  With the risk of properties becoming impaired or diminished during the vacancy period, building owners must protect the value of their assets, protect themselves from liability, and understand the protections and limitations of their insurance policies.

Obligations of Commercial Real Estate Owners and Operators

Owners of commercial real estate must first comply with federal, state and local directives as

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Posted by: | Posted on: April 7, 2020

Where We’ll Likely See the First Wave of Coronavirus-Fueled Foreclosures

With millions of Americans filing for unemployment in the past few weeks amid the spreading coronavirus pandemic, and in spite of mortgage forbearance measures, a wave of foreclosures may not be far behind—especially for those living in the Northeast and parts of the South, says a recent report.

But real estate experts have predicted that this will be no tidal wave, unlike during the Great Recession, in which millions of people lose their homes. This time around, buyers are more financially qualified, and subprime and “liar loans,” for which income hasn’t been verified, have all but disappeared, making the market more stable. And unlike the last downturn, the federal government and many individual banks are offering forbearance and a stay of evictions for 60 days for many mortgages.

New Jersey and Florida have the most counties at risk of a rise in foreclosures due to economic fallout from the COVID-19

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Posted by: | Posted on: April 7, 2020

8 Easy DIY Projects To Tackle During Quarantine and Make Your Bedroom the Stuff of Dreams

Are the four walls of your bedroom starting to close in on you? Now’s the perfect time to take on some DIY projects that’ll give your space a face-lift.

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Being stuck at home isn’t easy, especially when you’re sharing the space with your entire family or roommates. So naturally, many of us are probably retreating to the space we may have previously used only for sleep: the bedroom.

Those four walls might feel like they’re closing in on you right about now—and you’re probably more than ready for a little pick-me-up. After all, as long as you’re stuck in there anyway, you might as well take on a project that will cheer you up, right?

With that in mind, here are eight

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