Disaster Relief Options for Mortgages

disaster recoveryIn the wake of the recent catastrophic hurricanes and wildfires that have ravaged parts of our country, the President declared several Major Disaster Areas. This designation brings with it a commitment of federal aid to assist in recovery. A list of these areas can be found at www.fema.gov/disasters. What does this mean for people who are paying a mortgage on a property or running a business in a Major Disaster area? What about people employed in one of these areas? Depending upon what type of mortgage you have and which government-sponsored enterprise (GSE) owns or guarantees your mortgage, you may be eligible for various types of relief to help ease the financial burdens of disaster recovery. Read More “Disaster Relief Options for Mortgages”

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