this U.S. Department of Housing and Urban Development (HUD) announced this week that it will extend all 90-day foreclosure moratoriums federal housing administration Beginning on April 26, the Federal Housing Administration (FHA) provided mortgages in federal disaster areas across Texas as severe weather, tornadoes and flooding struck several counties.
The initial federal disaster areas declared included Harris, Liberty, Montgomery, Polk, San Jacinto, Trinity and Walker counties. Gov. Greg Abbott (R) added Calhoun, Delta, Jones and Lamar counties to state-designated disaster areas on Wednesday, but those areas have not yet been added to federally declared disaster areas.
In addition to loans made under the Section 184 Indian Home Loan Guarantee Program for Native American borrowers, HUD’s relief measures include a 90-day moratorium on foreclosures on loans insured by the Federal Housing Administration (FHA). Additionally, Texas residents with Home Equity Conversion Mortgages (HECM) in these counties will receive a 90-day extension on their foreclosure assessments.
“Homeowners affected by the disaster should contact their mortgage or loan servicer immediately for assistance,” HUD said in the announcement. “Conventional mortgage holders may also be eligible for additional relief through mortgage loan holders.”
According to the weather service, a total of 14 tornadoes struck the area starting on April 26, causing severe damage to the area. National Weather Service and reports from the local area nbc news Subsidiary Body. One tornado had wind speeds of 110 mph, while others severely damaged homes, trees and vehicles.
Follow-up report by Texas Tribune By the time state and federal governments began tallying the damage, at least three people had died in the storm, he said.
Another bout of severe weather hit Houston last week, threatening to knock out power to parts of the city for weeks. At least four people have been confirmed dead.
