A massive wave of evictions could be coming. Who’s at risk?

SourceCNBC
SectorReal Estate
CountryGulf

Sabrina Floyd doesn’t know where she and her 3-year-old daughter Emeri will go if they’re evicted from their house in Las Vegas at the end of June. After months of unemployment because of the pandemic, the single mother finally found remote work for a loan company and is also in the process of applying for financial assistance to cover her rental arrears. But it may all be too late.

The Centers for Disease Control and Prevention’s national eviction ban lifts in 20 days. “I can’t afford a hotel,” Floyd, 27, said. “And you can only be there for so long. Then where do you go?” She fears the recent progress she’s made will be wiped away. “If I’m working from home, and I lose my home, I have nothing,” she said. “It looks dark right now as far as the future.” An unprecedented wave of evictions could come crashing down on the U.S. when the CDC’s national eviction moratorium expires...read more...