I would say there will be. Many tenants who have taken teh time to speak to ther landlords will be able to stay and work it out. The problems i see are the investors without great savings, who own multy family homes, they ar eno longer getting rent and cant pay the mortgage, taxes or upkeep. They will be forced to sell and some may lose to the bank. 

I hadn't really given it much thought. It will be interesting to see what happens

Landlords who evict because of the pandemic will just be swapping tenants with each other. Banks get the money they loan us from the gov for next to nothing so if they try to foreclose on millions of people I expect Congress to step in and put a stop to it. Not to mention the bailout money they seem to routinely receive.

No not right away. They have extended the no evictions provision again. I think there will be a real shifting of people coming here soon. People for some reason don't think they have to pay rent or their mortgage during this pandemic. Not sure what 'mental state' this is called. They also don't want to pay their car payments either.

You didn't ask about all the car repo's that are going to happen also.

I am not sure how this will shake out but not anytime soon is my first reaction.

Halloween 2020 is going to be scary

Will be some after 3-6 months

A surge - likely.  Protections for tenants without protections for owners who are carrying the full load without any financial help.  

Eviction attorneys in my area are ready to drown the court, when it open, with evictions. 

No matter how I look at it - it's ugly. Real. Ugly.

Not with the moratoriums in place. If you mean when they expire a spike yes

Thought Ilinois, Cook COunty and the city of Chicago were on hold!

There will clearly be a statiscial increase in foreclosures and commercial/retail will take a harder hit than residential.  However, Surge, is not the word I would use. 

The numbers will support the word OPPORTUNITY.

My observation is investor have had few opportunities to spend the past few years and may/should have reserves waiting for opportunity.

Not paying rent is allowed right now & putting many landlords in awful situations. Couple that with the job losses people are experiencing and I think it's just a matter of time before more distress sales hit the market and the eviction cries spill over the judges' desks.

Sure, will be, but we all know it takes time.

If homeowners sign some forbearance agreements without reading them, that may very well happen.

NO. I expect a 90% recovery-bounce back and the demand to handle the rest.

Supply was low and demand high, even if we "drop down a peg", we'll return to the same scenario.

The process has been delayed but we expect to see a surge in foreclosures next year. Those dealing in trustee sales will have more opportunities.

Hi Jeff Pearl,

As soon as the courts open, the smaller mom and pop landlords will defilnitely besiege the courthouses with evictions when the current tenant cannot work things out with the landlord.  So to answer your question, yes, I believe that there will be a surge of evictions.

As for the foreclosures happening, that remains to be seen because of the current climate and that lenders are constantly changing how they are doing business right now.  Many borrowers will be able to get money that they owe for past mortgages put on the back end of their loans.

YES!  Since they've been on hold for so long, even one would be a surge.  Many landlords, especially in Cali, are heavily leveraged and need those rent payments to break even.  We used to say out here back in the day "It's a good investment if you don't lose too much money."  Back then $100/m loss was a good investment, since you were more focused on the equity and the upside over time.

I suspect that between job losses for owners and rental losses for landlords, there will be an uptick in foreclosures and evictions.

Jeff,

It depends...and time wll tell.  A

No and here's why...

This is not 2008 either. 

*Sorry for the self-promotion on the graphic. I don't have it in my file without the personalization!