Hurricanes could bring another disaster: Foreclosures

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Hurricanes could bring another disaster: Foreclosures

Hurricanes could bring another disaster: Foreclosures

CNN-

As life slowly returns to normal in hurricane-ravaged parts of Texas, Florida and Puerto Rico, housing experts and consumer advocates worry another crisis is on the horizon: Foreclosures.

Already, legal aid groups are working with people who are struggling to make mortgage payments on homes made uninhabitable by the storms, while paying rent somewhere else.

Although most mortgage lenders are offering grace periods for homeowners in disaster zones, the real trouble begins when those grace periods run out.

[CNN]

image: NBC NEWS

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