Inside this issue
  VIDEO: Comparing the national and state eviction moratoriums  
  The video in the adjacent link discusses a popular issue often discussed on the Legal Information Line. The topic involves the national eviction moratorium and Nevada's state eviction moratorium.

Do you know how Nevada law reads on the subject? Watch the short Legal Minute video and learn all you need to know.  If you have any questions, please call the Legal Information Line at 800-748-6999. Click here to watch the video.
 

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  Register now for July Region XI Conference in Denver  
 

The Colorado Association of REALTORS® and 2021 Region XI RVP Scott Mathias will host the 2021 region conference July 7-9 in Aurora, CO at the new Gaylord Rockies Resort. NAR Leadership members Leslie Smith and Leigh Brown are among the speakers scheduled for the annual event.

The conference is currently being planned as an in-person event. The Colorado Association of REALTORS® is in constant communication with governing bodies and the hotel to stay up to date on any COVID-19 related restrictions that could impact this event.  Should restrictions change thus that we can not hold this event in-person, communication will be set to all registered attendees and will also be noted on this site.  Thank you for your patience and understanding as we navigate the complexities of holding events in 2021. Click here for more information and to register.

 

 

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  Taxbot webinar for real estate pros set for March 3  
  Sandy Botkin is a former IRS tax attorney and he knows the ins-and-outs of the tax code better than anyone in the business. NVR member benefit partner Taxbot, featuring Botkin, is hosting a special presentation, highlighting the top 10 deductions real estate professionals should be using right now.

This one presentation could save REALTORS thousands in taxes this year alone. The upcoming Taxbot webinar will cover:
  • Meals: The latest stimulus brought back the 3-martini lunch
  • Tools of Your Trade: Are software tools, MLS access and key boxes deductible?
  • Vehicles: Deducting vehicles correctly could save thousands of dollars over a lifetime
  • Travel Rules: We'll cover the details so that REALTORS know what qualifies
  • Retirement Accounts: The best ways to save for retirement and what the limits are
The free Taxbot webinar will be held Wednesday, March 3 at 10 a.m. Be sure to register by clicking here.
 

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  Homeowners now eligible for up to 18 months of forbearance  
 

The Federal Housing Finance Agency (FHFA) announced extensions last week of several measures to align COVID-19 mortgage relief policies across the federal government. FHFA announced that Fannie Mae and Freddie Mac (the Enterprises) are extending the moratoriums on single-family foreclosures and real estate owned (REO) evictions until June 30, 2021. The foreclosure moratorium applies to Enterprise-backed, single-family mortgages only. The REO eviction moratorium applies to properties that have been acquired by an Enterprise through foreclosure or deed-in-lieu of foreclosure transactions. The current moratoriums were set to expire on March 31, 2021.

FHFA also announced that borrowers with a mortgage backed by Fannie Mae or Freddie Mac may be eligible for an additional three-month extension of COVID-19 forbearance. This additional three-month extension allows borrowers to be in forbearance for up to 18 months.  Eligibility for the extension is limited to borrowers who are in a COVID-19 forbearance plan as of February 28, 2021, and other limits may apply.  Further, COVID-19 Payment Deferral for borrowers with an Enterprise-backed mortgage can now cover up to 18 months of missed payments. COVID-19 Payment Deferral allows borrowers to repay their missed payments at the time the home is sold, refinanced, or at mortgage maturity. Click here to read more.

 

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