$700 Billion Unpaid Mortgage Balances In Hurricane Harvey And Irma Disaster Areas

Florida Home Loans News

$700 Billion Unpaid Mortgage Balances In Hurricane Harvey And Irma Disaster Areas

In dollar terms, this means that there is some $517 billion in unpaid principal balances in irma-related disaster areas, nearly three times the amount as in those related to Harvey and more than 11 times of those connected to Katrina.

Hurricane Irma: Key West FREE Restaurant Still, there are 1.18 million mortgaged properties in Harvey-related disaster areas, more than twice as many as were hit by Hurricane Katrina, with nearly four times the unpaid principal balance.

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Re: $700 Billion Unpaid Mortgage Balances In Hurricane Harvey And Irma Disaster Areas and of course the mortgage companies and banks are totally generous by stopping them, until they have another house then.

In total, 4.3 million properties with nearly $700 billion in outstanding mortgage balances are located in FEMA-designated disaster areas in Texas and Florida, according to a preliminary estimate by Black Knight Financial Services: Disaster areas of Hurricane harvey: 1.18 million mortgaged properties with $179 billion in unpaid mortgages.

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$700B unpaid mortgage balances in Harvey and Irma disaster areas. Putting the Harvey damange in context, after Hurricane Katrina mortgage delinquencies in Louisiana and mississippi disaster areas spiked by 25%. The same could happen in Houston, as borrowers without flood insurance weigh their options and decide to walk away from the property.

$700 Billion Unpaid Mortgage Balances In Hurricane Harvey And Irma disaster areas weather channel Makes Shock Claim That Meteorologists Saw ‘A Face’ In A Satellite Image Of Hurricane Irma "They Dodged A Bullet": Why Insurer Stocks Are Soaring

In dollar terms, this means that *there is some $517 billion in unpaid principal balances in Irma-related disaster areas, *nearly three times the amount as in those related to Harvey and *more than 11 times of those connected to Katrina*.

Video Report: 50 foot tree falls on Venice home after Hurricane Irma – SNN This article was chosen for republication based on the interest of our readers. The Uncensored Report (Scoop News) republishes stories from a number of other independent news sources.

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