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Started By
Message
Just heard on the radio, regarding financial relief for yall with flood damage
Posted on 8/15/16 at 1:56 pm
Posted on 8/15/16 at 1:56 pm
Not sure the stipulations, but they said you can call your mortgage company and auto lien holder and defer payments for up to 3 months. Hopefully this isn't overly abused. Praying for all of you!
7
Posted on 8/15/16 at 2:23 pm to bayourougebengal
(no message)
This post was edited on 8/15/16 at 2:43 pm
Posted on 8/15/16 at 2:26 pm to bayourougebengal
quote:
Not sure the stipulations, but they said you can call your mortgage company and auto lien holder and defer payments for up to 3 months. Hopefully this isn't overly abused. Praying for all of you!
FYI, saw this after Katrina, but it did report as a late payment on the credit report.
Posted on 8/15/16 at 2:27 pm to bayourougebengal
Also...if you do not have flood insurance...register on FEMA's website ASAP!
LINK
If you have family or loved ones that have no way to access a computer right now....register for them. This is what I did for my parents a little while ago. You will need SSNs/full names/ages for everyone in the home, their insurance information(if they had homeowner's insurance); address; mailing address; phone numbers; what kind of damage(there are options to check if you don't know yet); and financial information if you know it(so they could direct deposit any aid).
At least get it started...you can always go back and add what you don't know. You can set up correspondence to be mailed or emailed and set up for text notifications. I set all the stuff to be sent to my email/phone for right now so I can get any information asap since where they are at has no power.
Again....those without insurance that live in moderate to low flood risk areas that did NOT require flood insurance could be eligible for up to 33k in FEMA assistance. Many of the grants are first come first serve...so registering asap is very important.
LINK
If you have family or loved ones that have no way to access a computer right now....register for them. This is what I did for my parents a little while ago. You will need SSNs/full names/ages for everyone in the home, their insurance information(if they had homeowner's insurance); address; mailing address; phone numbers; what kind of damage(there are options to check if you don't know yet); and financial information if you know it(so they could direct deposit any aid).
At least get it started...you can always go back and add what you don't know. You can set up correspondence to be mailed or emailed and set up for text notifications. I set all the stuff to be sent to my email/phone for right now so I can get any information asap since where they are at has no power.
Again....those without insurance that live in moderate to low flood risk areas that did NOT require flood insurance could be eligible for up to 33k in FEMA assistance. Many of the grants are first come first serve...so registering asap is very important.
Posted on 8/15/16 at 2:31 pm to bayourougebengal
Also ask questions like how the deferment will happen to make sure they don't demand all 3 payments in a month as opposed to 3 months added to the back end. And yes, ask them how it effects your credit.
No reason to downvote the OP! lol.
No reason to downvote the OP! lol.
Posted on 8/15/16 at 2:33 pm to bayourougebengal
After Katrina I had everything deferred, it made a huge difference for me.
Just resumed normal payments 90 days later.
Just resumed normal payments 90 days later.
Posted on 8/15/16 at 2:34 pm to bayourougebengal
As the governor said yesterday, those without flood insurance can obtain up to but not more than $33,000 from FEMA. Detailed list of loss must be documented.
You have to be a resident in one of the four parishes listed as a disaster area. More parishes likely will be added. Not a lot of money but better than nothing.
You have to be a resident in one of the four parishes listed as a disaster area. More parishes likely will be added. Not a lot of money but better than nothing.
This post was edited on 8/15/16 at 2:37 pm
Posted on 8/15/16 at 2:37 pm to tigerbutt
quote:
Detailed list of loss must be documented.
This. You also HAVE to file a claim with any insurance companies you did have(homeowners,etc) as well. Even though it won't cover flood damage...FEMA will want paperwork from the insurance company stating that the damages are officially not covered by their policy.
And take lots of date stamped pics of everything before you even start moving/cleaning your home.
Posted on 8/15/16 at 2:38 pm to tigerbutt
This may sound like a silly question and I'm at risk for getting blasted, but what if you lived in a flood zone with no flood insurance (house is paid off, area had not flooded in it's known history)
Posted on 8/15/16 at 2:39 pm to LSUsmartass
I think you can still qualify for some aid...it just won't be as much.
I think you would also still qualify for low interest loans as well.
I think you would also still qualify for low interest loans as well.
Posted on 8/15/16 at 2:46 pm to lsunurse
My mother in law and father in law live in torrey pines. Any word on how high water got? They have been out of town since before flood. Just trying to get an idea of place is a total loss.
Posted on 8/15/16 at 2:53 pm to tigerbutt
quote:
As the governor said yesterday, those without flood insurance can obtain up to but not more than $33,000 from FEMA. Detailed list of loss must be documented.
33000 free money or super low interest loan?
Posted on 8/15/16 at 2:55 pm to bayourougebengal
Is this for homes only, or business' also?
Posted on 8/15/16 at 2:55 pm to billyred
quote:
Any word on how high water got?
Not yet(you are referring to Torrey Pines the trailer park correct?). I saw in the large flood board that water levels in that area have gone down a good bit and should be low enough to check it out this evening but still some water at Oneal/Old Hammond.
My uncle is gonna take my family there in the morning if he can so they can see the extent of damage. There is another poster on here that also has family in torrey pines that has emailed me and we will contact each other with any updates.
This post was edited on 8/15/16 at 3:27 pm
Posted on 8/15/16 at 2:56 pm to novabill
quote:Yep, lots of horror stories. People were getting 3-months of deferred payments but they were only deferred to the end of the 3 months not the end of the loan amortization. All of a sudden folks owed 3 full months of payments all at once.
FYI, saw this after Katrina, but it did report as a late payment on the credit report.
Posted on 8/15/16 at 2:59 pm to sherrifftaylor
quote:
Is this for homes only, or business' also?
I'm not sure but it's definitely worth a call.
Posted on 8/15/16 at 3:01 pm to lsunurse
Thanks so much! I will email you now.
Posted on 8/15/16 at 3:03 pm to LSUsmartass
quote:
This may sound like a silly question and I'm at risk for getting blasted, but what if you lived in a flood zone with no flood insurance (house is paid off, area had not flooded in it's known history)
With the application process as easy as it is, just apply and see what happens. It doesn't hurt to try.
Posted on 8/15/16 at 3:07 pm to bayourougebengal
The website seems to be for homes. Most of the questions we can't answer truthfully. We can't get to the business yet either. It's a complete loss. And our insurance agent likely suffered a complete loss also.
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