April 2020 - Don Quick & Associates

COVID-19 Quick Resource – General

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General Assistance and Resources

The Don Quick & Associates, Inc. team understands that you and your family are likely experiencing disruptions resulting from the current COVID-19 outbreak. Our mission here at Don Quick & Associates, Inc. has been and always will be to serve our clients as best as we can, and that is not limited to serving in the realm of commercial real estate. As one method of assistance, we have compiled a collection of helpful links and resources that we believe may be useful to you. We hope this helps and it is a privilege to continue to serve our local community the best we can.

How to avoid extra COVID-19 testing charges


It is encouraged to reach out to your lender to discuss forbearance or loan modifications that may apply to your existing loan.

Federal Housing Finance Agency (FHFA)

FHFA has instructed Fannie Mae, Freddie Mac and their servicers to be proactive in providing assistance to homeowners including forbearance. In addition, FHFA imposed a moratorium on eviction and foreclosures on mortgages backed by the GSEs:

Fannie Mae and Freddie Mac

Fannie Mae and Freddie Mac have issued similar guidance:

  • Homeowners who are adversely impacted by this national emergency may request mortgage assistance by contacting their mortgage servicer
  • Foreclosure sales and evictions of borrowers are suspended for 60 days
  • Homeowners impacted by this national emergency are eligible for a forbearance plan to reduce or suspend their mortgage payments for up to 12 months
  • Credit bureau reporting of past due payments of borrowers in a forbearance plan as a result of hardships attributable to this national emergency is suspended
  • Homeowners in a forbearance plan will not incur late fees
  • After forbearance, a servicer must work with the borrower on a permanent plan to help maintain or reduce monthly payment amounts as necessary, including a loan modification

Fannie and Freddie have also created pages with additional information:


Student Debt


Internal Revenue Service (IRS)

The IRS has also created a Coronavirus Tax Relief section (link is external) on their website with updated information for taxpayers and businesses (these resources are for businesses and not specifically for consumers).

  • Economic Impact Payments: ($1,200 or more)
  • Income Tax FILING and PAYMENT Deadlines Extended:
    • In light of COVID-19 crisis, the IRS on March 18 extended the income tax payment deadline (link is external) for individual returns (as well as all other entities) until July 15, 2020. Two days later, the IRS also extended the tax filing deadline to July 15, 2020. Additional forms do not need to be filed to qualify for these extensions.
  • Guard Your Information:


Texas Department of Insurance

Updates and Preparations: https://www.tdi.texas.gov/news/2020/coronavirus-updates.html

  • Health insurers and health maintenance organizations are waiving consumer costs for medically-necessary testing of COVID-19. (see above link)
  • Many also are offering telemedicine at no cost to consumers. (see above link)

Texas Workforce Commission


IRS on Unemployment Insurance Flexibilities

NOTE: Check with your state’s unemployment insurance program regarding the rules in your state.

The Employment and Training Administration announced new guidance outlining state flexibilities in administering their unemployment insurance programs to assist Americans affected by the COVID-19 outbreak.

Under the guidance, federal law permits significant flexibility for states to amend their laws to provide unemployment insurance benefits in multiple scenarios related to COVID-19. For example, federal law allows states to pay benefits where:

  • An employer temporarily ceases operations due to COVID-19, preventing employees from coming to work;
  • An individual is quarantined with the expectation of returning to work after the quarantine is over; and
  • An individual leaves employment due to a risk of exposure or infection or to care for a family member.

In addition, federal law does not require an employee to quit in order to receive benefits due to the impact of COVID-19.

Learn how to file for unemployment insurance benefits.


Personal & Family Health


We will continue to monitor conditions closely and we hope to return to business as usual as soon as possible. Please do not hesitate to reach out to our agents with any questions or concerns you may have at this time.

Follow us on our socials for updates:

Facebook: https://www.facebook.com/DonQuickAssociatesInc/

Instagram: https://www.instagram.com/donquicktx/

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