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HUD shields Oklahoma homeowners from foreclosure in tornadoÕ wake

It’s been well over a month since a tornado devastated parts of Oklahoma.

Homeowners in the region are now receiving aid in the form of more time before an official foreclosure proceeding can be brought on their homes, the Oklahoman reports.

Apparently, the U.S. Housing and Urban Development Department declared that FHA-insured properties cannot enter into foreclosure proceedings for 90 days once a presidential disaster declaration is made.

President Obama declared a disaster in six separate Oklahoma counties.  

 

 

 

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An open letter to President-Elect Trump: A market in crisis 

As the rest of the country waits, debates, and predicts an economic recession, the United States housing market has been languishing in a historic one for nearly 3 years. Economists and market participants love airplane analogies (soft landing, no landing) so I’ll dust off my epaulets and declare the state of housing a “crash landing.” 

3d rendering of a row of luxury townhouses along a street

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