Mortgage help for Hurricane Sandy victims with a Fannie Mae, Freddie Mac, or HUD backed loan.
Posted by Anthony Licciardello on
Assistance with federally backed home mortgages announced.
If you have fallen victim to Hurricane Sandy and have a mortgage loan that is backed by Fannie Mae, Freddie Mac, or the Department of Housing and Urban Development (HUD) there may be help for you.These three programs have put together some ways of helping you with your mortgage while you repair or replace your home, due to the damage from Hurricane Sandy.
For those of you who have a Freddie Mac backed mortgage, here are some options they are putting out for you, but it is case-by-case. Freddie Mac is waiving late fees and penalties and will either bring down the amount of your payment or let you not pay it for up to 12 months. They will put off the foreclosure of your home or the eviction…
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According to the Internal Revenue Service, "a casualty is the damage, destruction, or loss of property resulting from an identifiable event that is sudden, unexpected, or unusual." Included among these events are earthquakes, floods, mine cave-ins, sonic booms, storms, and vandalism.
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is about 5 acres in size called South Beach Wetlands. This wetland became a part of the New York City Department of Parks and Recreation in December of 1999 and was named after the neighborhood in which it is located, South Beach.
On Saturday, October 29th, President Obama signed a Major Disaster Declaration for New York in Hurricane Sandy's aftermath. In order to assist those whose homes were damaged from Hurricane Sandy, the Federal Emergency Management Agency is willing to provide these victims with temporary housing.