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HUD California Wildfire Update |
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Tuesday, 30 October 2007 |
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HUD has issued a News Release advising of mortgage relief provisions in place for borrowers facing hardships as a result of the California wildfires.
HUD SECRETARY ANNOUNCES DISASTER ASSISTANCE FOR FAMILIES DISPLACED BY SOUTHERN CALIFORNIA WILDFIRES
HUD to offer foreclosure relief, provide FHA insurance to assist rebuilding
Granting immediate foreclosure relief - Once the President declares a major disaster, HUD immediately issues a 90-day moratorium on foreclosures and forbearance on foreclosures of Federal Housing Administration (FHA)-insured home mortgages.
To view the News Release in its entirety, please click here.
About Safeguard
Safeguard Properties is the largest privately held field services company in the country. Located in Cleveland, OH and founded in 1990 by Robert Klein, Safeguard has grown from a regional preservation company with a few employees and a handful of contractors performing services in the Midwest, to a national company with over 425 employees. Safeguard is supported by a nationwide network of subcontractors able to perform any requested superintendence, preservation, and maintenance functions, as well as numerous ancillary services in the U.S., the Virgin Islands, and Puerto Rico.
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