The Department of Housing and Urban Development is taking further steps to fulfill its mission in creating strong, sustainable, and affordable communities throughout the country, this time through foreclosure protection in response to the flash flooding that recently occurred in West Virginia.
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When disaster strikes, many individuals first reaction is to make sure everyone is safe, but once the dust settles, it’s time for the city itself to recover. That’s when the Consolidated Appropriations Act of 2017 and the Disaster Recovery Program comes in.
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Freddie Mac commented Wednesday that its' full menu of mortgage relief policies are available for borrowers who are affected by disasters in the state of Washington from recent flooding and landslides. The company said, "Freddie Mac's disaster relief policies enable servicers to help borrowers with homes in presidentially declared Major Disaster Areas where federal Individual Assistance programs are being made available."
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