But don't forget to register on this site free in order to ask questions, share your experiences and current. These programs are changing rapidly!
Virtual Results serves Real Estate Professionals nationwide with a Software as a Service to help them succeed online. Our goal with this site is to rapidly educate our members and other Real Estate Pros on every opportunity for financial aid possible. We are monitoring the Covid financial relief efforts from the perspective of real estate agents. In other words, we are on your side and hope this information is helpful.
Additionally, we know that agents have deep local ties in their community to many small business owners. This information can also help many small business owners and we hope to enable agents to effectively share information with their own sphere of influence in efforts to speed recovery and save many small businesses.
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Ally is allowing customers to defer auto loan payments for up to 120 days. You won't pay late fees, but finance charges will continue to accrue.
If you choose to defer, remember to cancel auto-pay through Ally.
Bank of America is offering assistance with auto loans on a case-by-case basis. If you have a Bank of America account, you can apply for deferral online.
BMW hasn't provided details about how it will help customers who have been affected by the coronavirus, but you can contact customer service to ask about payment assistance.
Capital One encourages customers who are facing financial hardship due to call 1 (800) 946-0332 to discuss payment options.
If you've been financially impacted by the coronavirus, you can call CarMax at 1 (800) 925-3612.
If you've leased a car through Chase and your term is coming to an end, Chase will automatically extend your lease for up to six months, so you don't need to call to confirm your extension.
The company is offering a variety of payment assistance programs for car owners and lessees. If you have a Chase auto loan, you can call 1 (800)336-6675. If you have a lease, call 1 (800) 227-5151.
Chrysler Capital has programs to help customers affected by the coronavirus, but it doesn't provide details on its website. The company encourages people to call 1 (855) 563-5635 to discuss payment assistance.
Fifth Third Bank is offering auto loan payment deferral for up to 90 days, and you will not have to pay late fees. The bank is also pausing auto repossessions for 60 days.
You may be able to defer or alter payments on the vehicle you own or lease. Call Ford at 1 (800) 723-4016 to talk about your payment schedule.
GM is waiving fees for late payments occurring between March 1 and April 30. The company is waiving fees for everyone automatically, so you don't need to contact customer service about a late payment.
If your payment is more than 30 days late between March 1 and April 30, GM will report "Special Comment Code AW – Affected by Natural or Declared Disaster" to credit bureau agencies to minimize the effect on your credit score.
If you're leasing a vehicle, you can extend your lease for up to one month. GM will automatically extend your lease during this time.
Honda is offering payment deferrals and extensions to current customers. You will not have to pay late fees during this time.
Hyundai will allow you to defer payments for up to three months if you're a current customer who loses your job due to the coronavirus or is affected medically before April 30.
Did you buy or lease a Hyundai vehicle between March 14 and April 30? If you lose your job this year, Hyundai will offer you up to six months of payment relief.
You can defer auto payments for up to 90 days through Kia. Speak with a customer service agent at 1 (866) 331-5632.
Lexus is offering payment relief for current customers and lease-end support for people near the end of their lease agreement. Call 1 (800) 874-7050 to explain your situation to a Lexus representative.
You can defer auto payments for up to 90 days through Lightstream, the lending company under Truist Bank.
Mercedes-Benz is offering assistance to customers who have been financially impacted by the coronavirus, but the company hasn't published details. You can call 1 (800) 654-6222 to explain your situation to a customer care agent.
Nissan is allowing payment extensions for both car owners and lessees who have been affected by the coronavirus. Call 1 (800) 456-6622 to speak with a Nissan representative.
Old Point National Bank is offering deferrals for auto loan payments. You can call 1 (757) 728-1290 to speak with a customer representative.
You can apply for a payment deferral through Santander without facing a late fee. The bank is also offering lease extensions for people who can't return their car during this time.
You may apply for deferral or extension if you've been impacted by COVID-19. Toyota is offering assistance with both auto loans and leases.
USAA Bank mentions on its website that it's providing assistance with consumer loans, but it doesn't go into detail. You can call 1 (855) 764-4617 to speak with a representative about your situation.
Wells Fargo is providing payment deferrals, fee waivers, and other assistance for auto loans on a case-by-case basis. The bank has paused automobile repossessions until further notice.
You can defer mortgage payments through Ally for up to 120 days. Deferment starts the day you contact Ally.
Ally won't charge late fees, and skipped payments won't impact your credit score. However, interest will continue to accrue.
Bank of America is allowing customers to defer payments for up to 90 days, and missed payments are added to the end of the loan term. Your credit score will not be affected.
Bank of America is pausing evictions, re-possessions, and foreclosure sales for those impacted by the coronavirus.
BMO Harris is offering relief for mortgage payments. You can fill out a request relief form or contact the bank directly with more questions.
You can defer mortgage payments for up to 90 days through Charles Schwab, but you have to pay the amount you missed at the end of the 90-day period. If this seems difficult, contact Quicken Loans to discuss loan modification.
Deferred payments will not affect your credit score, but interest will still accrue.
Chase is offering mortgage payment assistance. You can enroll by filling out a form online or by calling 1 (888) 356-0023.
Citi is providing a variety of mortgage hardship programs. You can call its service provider, Cenlar FSB, at 1 (855) 839-6253.
Comerica is offering payment assistance. Call 1 (888) 444-9876 to speak with a representative.
East West Bank is offering mortgage payment relief options. You can request support on the mortgage homeowners assistance page.
You can apply for mortgage payment forbearance for up to 180 days through Fifth Third Bank. You will need to pay the amount you missed at the end of the forbearance period.
You may choose to pay the full amount at once, set up a repayment plan, or request to be evaluated for a loan modification plan. Loan modification allows you to move skipped payments to the end of the loan term.
You can request mortgage payment deferral or reduction with HSBC, and the bank is waiving late fees for people affected by the coronavirus. Your credit score will not be impacted.
You can defer mortgage payments for up to 90 days. Interest will continue to accrue, but you will not have to add payments to the end of your loan term.
M&T Bank is offering mortgage payment assistance. You can submit your financial information on the mortgage & home equity repayment assistance page.
New York Community Bank is offering 90-day mortgage forbearance for customers who have been financially impacted by the coronavirus.
You may qualify for a modified mortgage program. This program could involve a trial period for the first three or four months.
PNC Bank will let you pause mortgage payments for up to 90 days. You will not incur any late fees.
You can pause mortgage payments for up to 90 days. Call 1 (800) 748-9498 or visit the mortgage payment assistance page to learn about the deferral process.
Santander Bank is pausing mortgage foreclosures. Call 1 (844) 728-0999 to speak with a representative.
If your family has been financially impacted by the coronavirus, you may qualify for temporary forbearance through TIAA Bank. You won't face late fees, and the forbearance will not hurt your credit score.
TIAA Bank is also suspending home foreclosures until May 17.
TD Bank is offering mortgage payment deferrals and waiving late fees. You can call 1 (800) 742-2651 for more information.
You can enroll in forbearance for up to 90 days through Truist. If you're still struggling to make payments at the end of the 90-day period, you can apply for payment modification.
If you were previously a SunTrust customer, call 1 (800) 443-1032. If you were a BB&T customer, call 1 (800) 827-3722.
You may be able to pause mortgage payments or pay a reduced amount for up to three months. Union Bank will not charge late fees or report forbearance to credit bureau agencies.
Union Bank provides options for extending your plan if you continue to face financial hardship at the end of the three-month forbearance period.
You can pause mortgage payments for up to 180 days without facing late fees.
Webster is providing options for mortgage payments deferrals. The company is pausing residential foreclosures for 90 days.
Wells Fargo is offering mortgage payment deferrals and waiving fees. The bank is pausing foreclosure sales and evictions for customers affected by the coronavirus.
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I'm concerned, an Agent just reported to me that D.C. and N.Y. are not approving unemployment for real estate agents. He states he was able to apply but was denied. This is shameful. Please share if you have similar or contradicting information so we can build a list.