HUD help Hurricane Relief

Posted by njdave on September 07, 2005 at 07:48:59:

Immediately after the hurricane, HUD instructed all FHA-approved lenders to provide foreclosure relief to FHA-insured families who are affected by Hurricane Katrina. The relief includes a special 90-day moratorium on all foreclosures of FHA-insured properties in the presidentially declared disaster areas. Jackson is also encouraging lenders to undertake actions such as mortgage modification, refinancing, and waiver of late charges.

HUD is identifying vacant multifamily housing and HUD-owned homes that could be used as temporary housing for those forced from their homes. For more information about temporary housing go to www dot fema dot gov or call 1-888-297-8675.

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Comments:
: Immediately after the hurricane, HUD instructed all FHA-approved lenders to provide foreclosure relief to FHA-insured families who are affected by Hurricane Katrina. The relief includes a special 90-day moratorium on all foreclosures of FHA-insured properties in the presidentially declared disaster areas. Jackson is also encouraging lenders to undertake actions such as mortgage modification, refinancing, and waiver of late charges. 	
: 	
: HUD is identifying vacant multifamily housing and HUD-owned homes that could be used as temporary housing for those forced from their homes. For more information about temporary housing go to www dot fema dot gov or call 1-888-297-8675.


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