It’s no secret that our national economy has been severely impacted by COVID-19. This is especially true for Floridians, who reside in a state which relies heavily on tourism and hospitality dollars flowing into the state economy. As a result of COVID-19, and the various closure mandates that have been put into effect, particularly in Miami, Miami-Dade County, Florida, countless people have been left without jobs. As a result, more households than ever have had to turn to unemployment to keep their families afloat. https://www.bizjournals.com/orlando/news/2020/05/28/florida-in-top-three-in-nation-for-unemployment.html
According to Rakesh Kochhar of Pew Research Center, “Unemployment rose higher in three months of COVID-19 than it did in two years of the Great Recession.” https://www.pewresearch.org/fact-tank/2020/06/11/unemployment-rose-higher-in-three-months-of-covid-19-than-it-did-in-two-years-of-the-great-recession/. As of February 2020 the US unemployment rate was at about 3.8%. Since then, it has skyrocketed to 13% due to COVID-19. In Florida, the maximum unemployment benefits are $275.00/week for up to 12 weeks. https://www.stateofflorida.com/articles/florida-unemployment/.
With the Florida foreclosures and eviction moratorium due to end soon, Florida is expected to be flooded with tens of thousands of foreclosures and evictions against those who have been unable to pay their rent and mortgages.
Here at Daneri Diez, we understand how these uncontrollable circumstances can leave you feeling worried or hopeless. Whether you are dealing with a looming foreclosure or eviction or contemplating bankruptcy, we are here to help. Call our office today for a free no-obligation consultation at 305-771-0606.
Stay Informed and Stay Safe!