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1.5.5.1 Overview

Significant Law Change

The HUD website page entitled Disaster Relief Options for FHA Homeowners states that a homeowner whose home was damaged in the disaster or who will not be able to make the monthly loan payment(s) because of adversely affected finances should contact the lender immediately to request assistance.

Borrowers who were injured or whose income relied on individuals who were injured or died in the disaster will be asked for documentation such as medical records or death certificates, if available. The lender will ask for financial information to help evaluate what assistance can be provided to reinstate the loan.168

Footnotes