The Federal Housing Administration (FHA) has recently announced that it will be extending a foreclosure moratorium for individuals who have been affected by hurricanes Helene and Milton. This is welcome news for homeowners in these areas who may be struggling to make their mortgage payments in the wake of these natural disasters. In addition, the FHA has also taken proactive steps by forming a pre-disaster partnership with the Federal Emergency Management Agency (FEMA), which will help to provide assistance to homeowners in at-risk areas before disaster strikes. This collaboration will help to ensure that homeowners are better prepared for potential financial hardships in the future.
Key points:
– FHA extends foreclosure moratorium for victims of hurricanes Helene and Milton
– Partnership formed with FEMA to provide pre-disaster assistance
– Aim is to help homeowners in at-risk areas better prepare for potential financial hardships
You can read this full article at: https://www.housingwire.com/articles/fha-extends-foreclosure-moratorium-for-hurricane-victims-partners-with-fema/(subscription required)
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