FHA issued a reminder regarding the 90-day foreclosure moratorium for properties located in a presidentially-declared major disaster area. In light of the recent Presidentially-Declared Major Disaster Area (PDMDA) in the State of Louisiana due to damage caused by severe storms and flooding, FHA issued a reminder that mortgages secured by properties in a PDMDA are subject to a 90-Day moratorium on foreclosures following the disaster.
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