If you have a mortgage and were affected by Hurricane Helen, you may be eligible for relief such as mortgage forgiveness. Here’s what you need to know:
Mortgage relief after Hurricane Helen
A mortgage servicer is the company that makes your monthly payments and may or may not be the same lender you applied to get your loan.
Once it is safe to do so, contact your service provider as soon as possible to discuss options for assistance and relief. This may include a moratorium where you temporarily stop making payments and avoid paying late fees or risking foreclosure for up to 12 months. If your home was in a disaster area, you may find that your servicer is willing to offer forbearance.
In either case, do not stop your payments without contacting your servicer. If you do not have a forbearance agreement in place, your credit will be damaged.
If you need further assistance, please contact us below.
What if you want to buy or sell a home?
If you’re considering buying or selling a home, check your purchase contract. If you are the buyer, you may be able to get your earnest money refunded.
You may have already heard from your real estate agent, loan officer, or settlement agent about closing delays or cancellations. For example, the sale may be canceled if the property is damaged, or the closing date may be delayed if there is a power outage, new homeowners insurance policies are put on hold, offices are closed, etc. There is.
Be wary of scammers in such interactions. Scammers often act in the wake of natural disasters. If you receive an email from a payment agent, first call the agent to verify that the email is legitimate. Please do not transfer funds without following this step.
What to do if you lose your mortgage documents
If you lose your mortgage documents in a disaster and don’t have a digital record, contact your mortgage servicer and request a copy. For documents such as home deeds, you may need to contact your county assessor’s office or registrar of deeds. For homeowners insurance, please contact your insurance company directly.
