South Dakota has received new disaster assistance from HUD, aimed at providing much-needed relief to homeowners facing financial difficulties in the wake of a disaster. This assistance includes a foreclosure moratorium, which will temporarily halt any foreclosure proceedings for eligible homeowners in the state. Additionally, a reverse mortgage repayment extension has been implemented, allowing homeowners with reverse mortgages more time to repay their loans without facing penalties.
– South Dakota receiving new disaster assistance from HUD
– Foreclosure moratorium implemented for eligible homeowners
– Reverse mortgage repayment extension in place for homeowners with reverse mortgages
– Assistance aimed at providing relief to homeowners facing financial difficulties after a disaster
This new assistance from HUD is a welcome relief for homeowners in South Dakota who may be struggling to make mortgage payments in the aftermath of a disaster. By temporarily halting foreclosures and providing more time for reverse mortgage repayment, this assistance will help alleviate some of the financial burdens faced by homeowners in the state. It is crucial for homeowners to take advantage of these resources to help protect their homes and financial stability during challenging times.
You can read this full article at: https://www.housingwire.com/articles/severe-weather-in-south-dakota-brings-new-hud-assistance/(subscription required)
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