I’ve got tenants in my starter home townhouse who haven’t paid rent since last August. They’re more than $20k in arrears and are claiming they have been affected by COVID. They’ve applied for different rental assistance, we’ve filled out our portion of the forms (ie W9) but we’ve never seen any money. My husband lost his job due to COVID and we haven’t been able to cover the mortgage there.
Their lease has expired and they’re now month to month. Our state is allowing evictions starting 14 August. At this point we just want rid of this. We can’t afford to $20k in arrears and it doesn’t look like MD is going to assist landlords. We’re just a couple who decided to rent out our TH until we had enough equity built up to be able to sell without a loss. We’re not big time landlords.
My question is, what kind of troubles are we going to run into with the mortgage $20k in arrears? Are we even be allowed to sell? We just need to get out of this nightmare.