December 14, 2021
HUD Announces Disaster Relief For Kentucky Home Owners In Federal Disaster Areas
The FHA and HUD have announced disaster relief for FHA borrowers who live in the federally declared disaster areas in the State of Kentucky. The declaration was made effective as of December 10, 2021, in the wake of flooding, tornadoes, and other natural disaster-related issues. The President announced major disaster declarations for the following counties in Kentucky: Caldwell Fulton Graves Hopkins Marshall Muhlenberg Taylor Warren An FHA/HUD press release published at HUD.gov adds that there is also relief on a “cost-sharing basis” in Caldwell, Fulton, Graves, Hopkins, Marshall, Muhlenberg, Taylor, and Warren counties. What does the FHA/HUD disaster relief announcement mean for FHA borrowers and homeowners? HUD offers “immediate foreclosure relief” for FHA mortgages in the form of a 90-day moratorium “on foreclosures of Federal Housing Administration (FHA)-insured home mortgages | more...