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Mortgage delinquencies spike in Manatee-Sarasota. Blame Hurricane Irma

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Some owners looking to blame others after Hurricane Irma.. Firework retailers prepare for Fourth of July spike in sales. June 28, 2019, 9:50 a.m.

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Homeowners affected by Irma can receive mortgage assistance MIAMI – South Florida residents whose homes or businesses were damaged by Hurricane Irma are eligible to receive mortgage assistance and delay payments for up to 12 months.

2017 has been one of the worst hurricane seasons in memory. Over 21,000 families in Manatee County registered for assistance with FEMA since September 29, and debris assessments total an estimated $23.

Sarasota is starting to feel the force. We might lose power very soon. 1:40pm: almost lost power twice.

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Hurricane Florence is the worst storm that ever hit Carolina in decades and analysts believe it will have a negative effect on retail, insurance, restaurant, and agriculture industries. Equity investors are focusing more on the disruption and the damage the impending storm will create.

Before the hurricane, our market was showing significant year on year downturns in mortgage delinquency rates and foreclosures. The mortgage market looked about as healthy as it could get. Thus, the real estate market looked the same. Within a month of Irma, we started to see a spike in short term mortgage delinquencies.

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total mortgaged properties in Hurricane Harvey-related FEMA disaster areas: 1,180,000 Total unpaid mortgage balances in Hurricane Harvey-related FEMA disaster areas: 9 billion nick bit: The total of unpaid mortgages in the two hurricane disaster zones is a total of 696 billion dollars.

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