**UPDATED July 1, 2020**
Hours before the executive order expired, Governor Ron DeSantis issued the extension that temporarily bans evictions and foreclosures in Florida. The new deadline will be 12:01 a.m. Aug. 1, according to the order.
Governor Ron DeSantis has, for the second time, extended an executive order which further suspends mortgage foreclosures and evictions. This order protects residential tenants, mortgage borrowers and commercial loan borrowers for an additional 30 days, until 12:01 a.m. on July 1st. Borrowers and Tenants should understand, however, that the temporary relief does not relieve an individual or business from their obligation to make residential rent payments or mortgage and commercial loan payments. In other words, once the suspension is lifted, rent and mortgage or commercial loan payments will need to be current in order to avoid eviction or foreclosure.
Dating back to the April 2nd Order, Blalock Walters has been assisting borrowers, lenders, tenants and landlords. Oftentimes, we are finding that parties are working out unique arrangements, including loan and lease modifications and need our assistance in properly documenting those agreements.
For additional information on Governor DeSantis’ orders or any legal questions pertaining COVID-19, please call one of our attorneys at 941.748.0100 or email business law attorney Jodi Ruberg at email@example.com.