How to write an appeal to have HUD CDBG-DR grants reimburse NFIP insurance funds used to payoff home mortgage.
How to write an appeal for CDBG-DR reimbursement to cover NFIP insurance funds used by mortgage lenders to payoff mortgage after a disaster left your home substantially damaged. Mortgage lenders will protect their interest with your insurance payment.
After a disaster your insurance may be used by your lender to pay off your mortgage forcible or compulsory.
How to navigate a Forced Mortgage Payoff by your mortgage lender. When your insurance payout is taken by your lender to payoff your mortgage it's to protect the lender from default, property change of ownership.
Mortgage Relief Program for Homeowners Impacted by COVID-19
Homeowner Mortgage Assistance, a U.S. Taxpayer funded program designed to assist individuals and families impacted financially by the COVID-19 pandemic that are at risk of mortgage loan default and have a federally secured mortgage.
Low Income Small Business owners with real property and unmet needs can use HUD Economic Revitalization grants
Small Businesses that own real property, are low income, filed a disaster claim with FEMA, filed an application with SBA that was denied could be eligible for HUD CDBG-DR grants managed by your state agency for Unmet Economic Revitalization Needs.
HUD CDBG-DR Grants funded by Public Law 117-43 from the 117 Congress
Federal Taxpayer funded disaster recovery grant funds have been allocated to major and severe disasters declared in 2020 and 2021. H.R.5305 - Extending Government Funding and Delivering Emergency Assistance Act is allocating
Homeowner Assistance Fund Program that applies to ALL States and US Territories.
Mortgage Assistance will be managed by the same departments as the current Rental assistance. Expect the same results, slow disbursements and eligibility requirements that may not offer any financial assistance or funding coverage.
Eligible Homeowners to receive financial assistance from state managed federally funded programs.
Financial hardship means a material reduction in income or material increase in living expenses associated with any federally declared disaster and in this article we will use the coronavirus pandemic as our current federally declared disaster.
Did your state inform you that you qualify for federal assistance only to later deny you assistance based on state created policy or procedure? Is your home listed as being in one of the most impacted areas? Do you have proof your state accepted you into the federally funded HUD CDBG-DR grant program? Contact us about your experience.
HUD CDBG-DR Base Flood Elevation (BFE), two (2) feet above the Advisory Base Flood Elevation (ABFE)
When you work with your municipality and they say your elevation has to be Base Flood Elevation BFE they are quoting FEMA policy. FEMA offers a 25/75 cost share for elevation. Your municipality has to tell you BFE plus 2 feet to use other federal funds.