Resources for Investment Property

Written by Zachery Adam

April 30, 2020

Resources for Investment Property

Resources for Investment Property Owners in Asheville During the COVID-19 Crisis

The real estate market in Asheville is made up of many different facets. The investment property owners who rent homes within the community make up a large part of the fabric of Asheville. In light of the COVID-19 crisis and the fact that so many people in the Asheville community are finding themselves out of work, what can investment property owners do to ease their burden and the anxiety of their renters? There is good news. Fannie Mae has created a resource for property owners. 

Federal Housing Finance Agency’s Action

Owners of investment properties are feeling a unique pinch during this crisis. As many people around the country are finding themselves out of work, property owners need to make some specific adjustments to help themselves and their tenants.

On March 23rd, the FHFA took specific action for those who own commercial real estate and multifamily housing. If the mortgage is backed by either Fannie Mae or Freddie Mac, property owners can fall behind in their payments as long as renters are not evicted because they’re unable to pay rent due to the coronavirus outbreak.

This is a significant move for the mortgage industry and important for investment property owners in the Asheville area and around the country.

Stay of Evictions

North Carolina courts have stopped evictions and foreclosures in the state due to the COVID-19 crisis. On March 13th, the NC Supreme Court ordered courts to postpone evictions for at least 30 days. As a property owner, it would benefit you to look into programs, like the FHFA’s action plan, to see how you can help your renters feel secure sheltering-in-place through this experience.

Impact on Mortgage Payments

Even if your mortgage is not backed by Fannie Mae or Freddie Mac, there still may be steps you can take. Local real estate agency, Mosaic, offered this advice to homeowners and property owners. Specifically, it’s important to look into mortgage forbearance. Contact your mortgage company directly to find out more.

If you’re uncertain of who to talk to, take a look at your monthly mortgage statement. Contact the bank directly through their customer service department or visit their website for any instructions on how to connect during this time.

What You Can Do Today

The most important thing you can do today is to take a step back and not panic. This is an emotional and stressful time for everyone, including investment property owners and renters. It’s okay to not know exactly what to do in this situation; it’s unprecedented in recent times.

As a landlord, if you act quickly to take advantage of these programs, you can give your renters peace of mind as they adjust to the new normal. 

Resources for You and Your Renters

If you want to know more about the FHFA action included in the stimulus bill, Freddie Mac and Fannie Mae programs, and what you can do for your renters, check out these resources:

Do you have any questions about resources for Investment Property ? Feel free to send us a message.

Strengthening our Community

Strengthening our Community

Strengthening our Community through Communication Our Team in West Asheville are here to help. We are doing our part of social distancing by working from our home offices and taking appointment only visits in office. Please call and leave a message, 828-348-1907 to...

read more
Random Acts of Kindness Week Starts Today

Random Acts of Kindness Week Starts Today

Random Acts of Kindness Week Starts Today  As happens every year, Valentine’s Day is celebrated on February 14th. What was, at one time, a feast to honor a saint and martyr has become a day to share romantic love with the world. But there is more to Valentine’s Day...

read more
Short Term Rentals

Short Term Rentals

Short Term RentalsShort term rentals, such as AirBnB are becoming ubiquitous across the country. And the effects are certainly being seen in Asheville, both good and bad. But what do you need to know about short term rentals, how they impact a community, how legal...

read more

Recent Blogs

Memorial Day 2020

Memorial Day 2020

Memorial Day 2020: A Look at the Past and How to Celebrate Today This year has been very strange so far and it may not get any less strange in the months to come. That means this Memorial Day 2020 will come and go without big family cookouts or local parades. But that...

Quiz: Are You Ready to Buy a House?

Quiz: Are You Ready to Buy a House?

Quiz: Are You Ready to Buy a House? While things may never be the same as they were in 2019 before this novel coronavirus began to spread, we are starting to see a return to some aspects of normalcy in our community and around the country. Specifically, we are always...

The Social Impact of COVID-19 and 5 Tips To Keep Calm and Carry On

The Social Impact of COVID-19 and 5 Tips To Keep Calm and Carry On

The Social Impact of COVID-19 and 5 Tips To Keep Calm and Carry On Most of us have spent the last few weeks sheltering-in-place. Governor Cooper announced a Stay Home order on March 30th after many counties, including Buncombe, had already encouraged residents to...

About Us

How we can help you

Although labeled an independent mortgage lender, GoPrime Mortgage, Inc. is not a one-man operation. Zachery Adam and his Team has the support of a streamlined operation, with professionals who assist in every phase of the loan process. His team includes an appraisal vendor, loan processors, underwriters, closers and even the CEO or president if needed. When you choose to work with Zachery, you get the support of his team as well.

Zachery Adam

It’s important to Zack that he and his team are approachable and can provide assistance to home buyers who are often inundated with misinformation about the financial picture and mortgage options. In an automated culture reliant on digital communication, it’s time to put the human element back into these conversations. He could never be behind the scenes.

When you apply securely online with GoPrime Mortgage, Inc., we will contact you within 24 hours or less.

We want to be more than your mortgage lender.

The company, like Branch Manager Zachery Adam, wants to become the go-to destination for people who have questions about real estate financing and the mortgage application process. Applying for a mortgage can be a frightening process at a bank. GoPrime Mortage, Inc. aims to keep the process simple.

Our mission is to:

  • Provide holistic mortgage planning for every customer
  • Offer simple, strategic solutions for all homebuyers
  • Supply reliable services for real estate investors
  • Educate the public on the mortgage process
  • Keep the mortgage process simple for all customers
  • Inform real estate agents of the latest mortgage news

In short, GoPrime Mortgage, Inc. will provide complete, inclusive mortgage solutions that are educational, transparent, honest and sincere. No other bank or independent mortgage lender can beat the service and prices — the complete package — that GoPrime Mortgage, Inc. offers.


Let's Get Started

Contact Info

862 Haywood Road Asheville, NC 28806


Enjoy a mortgage process built for the modern world.

Borrowers can easily complete a loan application, upload supporting documentation, eSign disclosures, and monitor the status of their loan — in a single, easy-to-use location.

Pin It on Pinterest

Share This

Share this post with your friends!