To add to their woes, some homeowners whose properties were affected by Hurricane Sandy are now finding their flood insurance isn’t sufficient to cover essential repairs. According to the article in AOL Money.com part of the problem is due to errors made by adjusters who were quickly hired after the disaster. Apparently some policyholders are
Freddie Mac Streamlines Hurricane Sandy Insurance Claims
Last Friday Freddie Mac (OTCQB: FMCC) announced having taken steps to reduce the time needed for Hurricane Sandy victims to get their insurance proceeds. Those people with Freddie Mac-owned or -guaranteed mortgages will get relief faster and be able to get renovations underway more quickly too.
Existing-Homes Sales Up in October, NAR Says
Despite the devastation of Hurricane Sandy, sales of existing homes increased in October and prices continue their climb, according to the National Association of Realtors.
Government Approves New Jersey Emergency Aid For Hurricane – Irene??
Yes you read that right; hurricane Irene. Even as Hurricane Sandy makes its way across the New Jersey coast, the Department of Housing and Urban Development, (HUD), is announcing the approval of a $15 million dollar emergency aid package to help repair the damage caused by Irene.