Harvey’s hit to mortgages could be four times worse than predicted—and then there’s Irma

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Harvey’s hit to mortgages could be four times worse than predicted-and then there’s Irma . If you are unable to pay your mortgage due to Hurricane Irma contact our office for a free initial consultation to learn what your options are. Offices located in Orlando. (407) 894-6834 . cnbc.com As many as 300,000 borrowers could become.

 · As homeowners in Houston struggle to dry out and rebuild, they may also struggle to make payments on their mortgages. New estimates suggest at least 300,000 borrowers will become delinquent on their loans and 160,000 could become seriously delinquent, that is, more than 90 days past due, when banks initiate foreclosure proceedings.

Harvey’s hit to mortgages could be four times worse than predicted-and then there’s Irma. As if Hurricane Harvey wasn’t enough of a hit for mortgage holders, Irma might mean four times as many homeowners will be affected by weather in the southeast.

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 · Almost a week since hurricane maria devastated puerto rico, the US recovery efforts there have been markedly different from the recovery efforts after Hurricane Harvey in Texas and Irma.

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Harvey’s hit to mortgages could be four times worse than predicted-and then there’s Irma. That is four times the original prediction because new disaster zones were designated and more homes flooded. The sheer volume of homes hit by Hurricane Irma will likely cause an increase in mortgage delinquencies as well, though the storms are difficult to compare. [Source: www.cnbc.com]

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 · Harvey’s hit to mortgages could be four times worse than predicted-and then there’s Irma. This is not to say, however, that Florida will not see a hit to mortgages.

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September 13, 2017 Comments Off on Harvey’s Hit to Mortgages Could Be 4 Times Worse Than Predicted-Then There’s Irma Posted To: MND NewsWire As homeowners in Houston struggle to dry out and rebuild, they may also struggle to make payments on their mortgages.

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