Change in Terms Addendum to Agreement of Sale

President Joe Biden recently announced an extension of the foreclosure moratorium and the forbearance period for mortgages backed by HUD, VA and USDA through June 30. Separately, the Federal Housing Finance Agency extended the foreclosure and eviction moratorium period until March 31, as well as forbearance period by three months for mortgages held by Fannie Mae and Freddie Mac.

A breach of the agreement by one party may justify termination by the other, even though the agreement does not specifically spell this out.

Gov. Tom Wolf signed a fourth renewal of the COVID-19 emergency declaration, while President Joe Biden announced a 14-day window (Feb. 24-March 10) in which the Paycheck Protection Program will only be available to businesses of 20 employees or fewer.

Each year the PAR Legal Hotline fields a fair number of calls with questions can be answered simply by taking the time to carefully read some of the most common transactional forms every so often.

According to survey results from Nextdoor, knowing as few as six neighbors reduces the likelihood of feeling lonely and is linked to lower depression social anxiety and financial concerns related to COVID-19.

Legislation creating the framework for distribution of $570 million in rental assistance funding was signed into law. The additional funding for Pennsylvania property owners and renters was provided in the second federal stimulus bill approved by Congress in late December.