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HUD Extends Foreclosure Relief for Hurricane Sandy Homeowners
SECRETARY SHAUN DONOVAN AND DIRECTOR DEMARCO
ANNOUNCE EXTENDED FORECLOSURE RELIEF
 FOR HURRICANE SANDY STORM VICTIMS
90 Day Moratorium to help FHA, Freddie Mack and Fannie Mae borrowers
 
U.S. Housing and Urban Development Secretary Shaun Donovan, who serves as President Obama’s Chairman of the Hurricane Sandy Rebuilding Task Force, and Federal Housing Finance Agency Acting Director Edward J. DeMarco today announced that the Federal Housing Administration (FHA), Fannie Mae, and Freddie Mac will extend expiring protections against foreclosure actions against homeowners whose properties were damaged or destroyed due to Hurricane Sandy.
 The additional 90-day foreclosure moratorium applies to homeowners with properties in states where the President issued major disaster declarations following Hurricane Sandy.  The extended moratoriums announced today apply to the initiation of foreclosures and foreclosures already in process.
“It’s all too clear that families need more time to get back on their feet without having a foreclosure or eviction hanging over their heads,” said Donovan.  “As we work to rebuild after this historic storm, we’ll do everything we can to ease the crushing burden being faced by those homeowners, many of whom have been forced from their homes.”
 “Given the magnitude of this disaster, extending the moratorium on foreclosures ... more

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