HUD to help with Hurricane Ike
HUD's secretary Steve Preston announced HUD will speed federal disaster assistance to multiple counties and parishes in Texas and Louisiana following Hurricane Ike. This assistance will support homeowners and low-income renters. This also includes foreclosure relief for families whose homes are insured through HUD's Federal Housing Administration (FHA).
"FHA's foreclosure moratorium will give these families the breathing room they need to put their lives back together without worrying about the prospect of losing their homes," said Preston.
Assistance available includes:
- Grants for temporary housing and home repairs
- Low-cost loans to cover uninsured property losses
- Other programs to help individuals and business owners recover from the effects of the disaster
HUD is also granting immediate foreclosure relief in certain counties and granted a 90-day moratorium on foreclosures of FHA-insured home mortgages and strongly recommended that loan servicers take such actions as:
- Special forbearance
- Loan modification
- Refinancing
- Waiver of late charges.
Foreclosure relief is available for FHA-insured families living in the following counties:
Texas: Angelina, Austin, Brazoria, Chambers, Cherokee, Fort Bend, Galveston, Grimes, Hardin, Harris, Houston, Jasper, Jefferson, Liberty, Madison, Matagorda, Montgomery, Nacogdoches, Newton, Orange, Polk, Sabine, San Augustine, San Jacinto, Trinity, Tyler, Walker, Waller, and Washington Counties.
Louisiana: Acadia, Beauregard, Calcasieu, Cameron, Iberia, Jefferson Davis, Sabine, St. Mary, Vermilion, and Vernon Parishes.
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For more information visit the HUD Website
Return back to the FHA Mortgage Center.com home or the FHA Lending Guide.
