
April 2, 2010 - Boston - President Obama has declared Massachusetts a federal disaster area earlier this week due to extensive flooding, which has implications for homeowners in foreclosure. According to reports in The Boston Globe, the severe flooding in Massachusetts will temporarily spare some homeowners from losing their homes.
Under guidelines used for areas that are declared federal disaster areas, homeowners in Massachusetts will not be able to lose their homes in a foreclosure for the next 90 days. However, this only applies to mortgage loans insured by the Federal Housing Administration. Contact your lender if you're not sure if your mortgage is backed by the FHA.
Some Massachusetts residents will also have extra time to file their taxes, and some individuals and businesses may qualify for monetary assistance from the Federal Emergency Management Agency (FEMA).
This is one of the worst incidents of flooding in New England's history. Many cities in Massachusetts have reported more than 7 inches of rain this week, and several bridges and rivers are impassable. The Massachusetts National Guard has been called in to assist with relief efforts.
Legal Help for Wrongful Foreclosure and Seizure in Any State. Phillips & Garcia, P.C., a leading law firm in wrongful foreclosure and seizure cases, is now taking cases in any state where there has been a wrongful foreclosure, lock-out and trash-out of a borrower's home. We are licensed in Massachusetts and associate with a qualified attorney in your state.
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