Freddie Mac Reminds Disaster Victims: Mortgage Relief is Available

Posted To: MND NewsWire

While the Gulf Coast escaped the threat of two simultaneous hurricane hits, the remaining storm, Hurricane Laura, looks like an historically dangerous one. It, and the wildfires ravaging California, has prompted Freddie Mac to restate its disaster relief policies. Homeowners can request forbearance of their mortgage payments if they are affected by a presidentially- declared Major Disaster and live in an area where individual assistance programs are available. Those areas will be posted on the FEMA website. Forbearance is available for up to 12 months . Homeowners affected by the disasters who are already in a COVID-19 related forbearance plan and any who are newly in need of assistance should contact their servicers as soon as possible. In addition, foreclosures are suspended for up to 12…(read more)

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