90 Day Foreclosure Moratorium Declared On Ike-Affected FHA Borrowers

The U.S. Department of Housing and Urban Development announced Monday:

• HUD is granting immediate foreclosure relief - In certain storm and flooded ravaged counties, HUD 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, and waiver of late charges.(1)

For more, see HUD Announces Disaster Assistance In The Wake Of Hurricane Ike (Foreclosure protection offered to displaced families in Texas and Louisiana).

(1) 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.