Reprieve From Mortgage Payments Available to Some in Irma's Wake
Homeowners in 48 Florida counties, Puerto Rico and the U.S. Virgin Islands may be eligible for an extended delay in payment of federally backed mortgages due to Hurricane Irma.
September 19, 2017 at 09:00 AM
5 minute read
In the wake of Hurricane Irma, South Floridians are dealing with storm costs, whether it's paying for hotel stays or fixing damaged homes, but they might get a break from one big expense — the monthly mortgage payment.
Some homeowners in areas impacted by Irma may be allowed to temporarily stop paying their mortgage, a reprieve that could last from 90 days to a year.
“We want to make sure that homeowners have time to focus on their own safety and the safety of their families and get their lives back in order. During this distressing time they should not have to worry about how to pay their mortgages,” said Lisa Tibbitts, Freddie Mac director of public relations.
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