Democratic Reps Seek To Cancel Mortgage, Rent
Rep. Ilhan Omar has proposed legislation in Congress that would cancel rent and mortgage payments for the entirety of the coronavirus pandemic, under the threat of seizing property from landlords who run afoul of the proposed law. The Rent and Mortgage Cancellation Act of 2020 would suspend all rent and mortgage payments on primary residences, regardless of the tenant’s or mortgage holder’s ability to pay or whether they had suffered any financial hardship. “We need to cancel rent and mortgages for the duration of the crisis,” Omar said in a Tweet. “We need to provide universal monthly payments to all Americans. And we need to make sure our states and cities don’t go bankrupt. We need to pass a fourth relief package…