Bad loans rising: Texans struggle with mortgage payments after Hurricane Harvey

PORT LAVACA – crossroads residents watched helplessly Friday as the worst storm in 56 years roared ashore. Harvey grew to a Category 4 hurricane at 6 p.m., drawing terrifying comparisons to Carla, which blasted through Port O’Connor on Sept. 11, 1961.. Harvey was expected to cause devastating damage as the storm started stalling after making landfall.

With much of the Houston area still underwater, levees in surrounding counties breached, and stormwater reservoirs overflowing, it might seem an odd time for victims of Hurricane Harvey to think.

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There are many things to consider when purchasing a home in a hurricane zone. We’ll help you determine the risk level of buying a home in these areas and go over steps you can take to ensure.

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The sobering extent of the damage caused by the Midwest floods is laid bare in before-and-after satellite photographs taken in. in livestock losses as Nebraska and other Midwestern states struggle.

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The now-rebranded Black Knight released its latest Mortgage Monitor report. even as the other continues to struggle. Before Hurricane Harvey hit South Texas, homeowners in the disaster area held an.

Natural disasters affect real estate and mortgage rates. If you’re searching for a modern American nightmare, you don’t have to look much further than the damage done by Hurricane Harvey.

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Loan modification: You and your loan servicer agree to permanently change one or more of the terms of the mortgage contract to make your payments more manageable for you. Modifications may include reducing the interest rate, extending the term of the loan, or adding missed payments to the loan balance.