September 19, 2021

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Mortgage News

US Supreme Court issues verdict on eviction moratorium

The court said the moratorium “exposes applicants, along with millions of landlords across the country, to the risk of irreparable damage by depriving them of rental payments with no guarantee of recovery.”

“Many landlords have modest means. And preventing them from terminating tenants who break their leases encroaches on one of the most fundamental elements of property law – the right to expulsion, “the court said.

The court’s decision was a sigh of relief for the landlords, who had to bear the brunt of the moratorium. Unsurprisingly, the National Multifamily Housing Council, which stands up on behalf of property owners, has approved the Supreme Court ruling.

“NMHC supported a voluntary, short-term stop of the evictions to keep the families safe and secure. However, a long-term eviction moratorium was never the right policy, “the council said in a statement.

“It does nothing to expedite the delivery of real solutions to America’s tenants, and it ignores the unsustainable and unfair economic burden on millions of homeowners that threatens their financial stability and the loss of affordable housing across the country.”