HUD Declares Foreclosure Moratorium On FHA-Insured Mortgages On Homes In Southern, Central Louisiana

From the U.S. Department of Housing & Urban Development:

• U.S. Housing and Urban Development Secretary Steve Preston today announced a foreclosure moratorium in 34 parishes throughout Southern and Central Louisiana and offered support to homeowners and low-income renters forced from their homes following Hurricane Gustav. This foreclosure relief will help families living in presidentially declared disaster areas whose damaged homes are insured through the Federal Housing Administration (FHA).

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• In addition, HUD is strongly recommending that loan servicers take such actions as special forbearance, loan modification, refinancing, and waiver of late charges.

For more, see Preston Announces Disaster Assistance For Lousiana (Foreclosure protection offered to displaced families in 34 Parishes).