Surviving a Long-Term Repossession Moratorium

EDITORIAL

With every national disaster come relief efforts and a consistent tactic employed are moratoriums on repossessions, especially in the most affected areas. Over the last three days, at least three major lenders have put all of their repossessions on hold and the state of California has already implemented a 45-day moratorium on evictions, which leads me to wonder if all repossession could soon be affected. As of midnight, tonight the entire San Francisco Bay Area was put on a shelter in place until April 7, prohibiting non-essential travel, which would obviously include repossessions. If these trends continue and expand into other states and lenders, and it likely will, most, if not all, the survival of all repossession agencies are at stake.