Mortgage delinquency and foreclosure prevention after a disaster

LIST Code

HO-10-02-00-00

Title

Mortgage delinquency and foreclosure prevention after a disaster

Definition

This category covers options a homeowner has when they fall behind on mortgage payments because of a natural disaster like a hurricane, flood, wildfire, or earthquake. It includes how to request forbearance from a mortgage servicer (a temporary pause or reduction in payments), what federal disaster forbearance programs exist for loans backed by agencies like FHA, VA, Fannie Mae, or Freddie Mac, and what deadlines apply for requesting this relief. It also covers loss mitigation options available after forbearance ends, like loan modifications that extend the repayment term, reduce the interest rate, or add missed payments to the end of the loan. This category covers how to communicate with a servicer during and after a disaster, what documentation is needed, what protections exist against foreclosure while a loss mitigation application is pending, and how to spot mortgage rescue scams that target disaster-affected homeowners. It also covers what to do if a servicer moves forward with foreclosure despite a pending request for help.

Location in LIST