Real Estate: Surge in Eviction Filings Despite National Ban

Corporate landlords are defying the federal eviction ban with a surge in new filings. According to one report, institutional landlords filed more than 900 eviction cases in eight metro areas during the week after the ban was announced. The ban attempts to protect tenants who can't pay their rent because of the pandemic, but the moratorium is not preventing landlords from challenging tenant claims about their finances. The Private Equity Stakeholder Project was already tracking evictions during the COVID-19 pandemic before the CDC announced a national moratorium on evictions, and that in early August, the big landlords had only filed 165 eviction claims. The organization attempts to connect investors with the people and communities that are impacted by private equity investments. www.NewsForInvestors.com