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re: High credit score = no assistance from FEMA

Posted on 8/23/16 at 10:24 pm to
Posted by Gaston
Dirty Coast
Member since Aug 2008
39062 posts
Posted on 8/23/16 at 10:24 pm to
After Katrina we got a $2500, I think, FEMA disaster grant just after the storm. To fix our place we had to take out an SBA loan. Ours was $190k, we had just bought our home and had no flood insurance...the federal government, not FEMA, came back and gave us a $150k grant to pay off what it did of the SBA loan.
Posted by SuperSaint
Sorting Out OT BS Since '2007'
Member since Sep 2007
140462 posts
Posted on 8/23/16 at 10:26 pm to
quote:

..the federal government, not FEMA, came back and gave us a $150k grant to pay off what it did of the SBA loan
why?
Posted by PatDyesPants
Loachapoka, AL
Member since Jan 2016
3403 posts
Posted on 8/23/16 at 10:27 pm to
quote:

had no flood insurance...the federal government, not FEMA, came back and gave us a $150k grant to pay off what it did of the SBA loan


You're welcome.
Posted by Jim Smith
Member since May 2016
2915 posts
Posted on 8/24/16 at 8:23 am to
quote:

After Katrina we got a $2500, I think, FEMA disaster grant just after the storm. To fix our place we had to take out an SBA loan. Ours was $190k, we had just bought our home and had no flood insurance...the federal government, not FEMA, came back and gave us a $150k grant to pay off what it did of the SBA loan.



Wait, are you fricking kidding me? You got an SBA loan and FEMA came back around and gave you a grant to pay your SBA loan off with?? What?
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