Tue, January 21, 2025
Mon, January 20, 2025
Sun, January 19, 2025
Sat, January 18, 2025
Fri, January 17, 2025
Thu, January 16, 2025
[ Thu, Jan 16th ] - MSN
Opening Bell: 1.15.25
Wed, January 15, 2025
Tue, January 14, 2025
Mon, January 13, 2025
[ Mon, Jan 13th ] - CNET
Rocket Money Review 2025
[ Mon, Jan 13th ] - CFO
A CFO action plan for 2025

Here's how L.A. homeowners impacted by the wildfires can request mortgage relief


//business-finance.news-articles.net/content/202 .. y-the-wildfires-can-request-mortgage-relief.html
Published in Business and Finance on Friday, January 17th 2025 at 5:40 GMT by AOL   Print publication without navigation

  • JPMorgan Chase and Bank of America have programs offering mortgage relief to homeowners impacted by the California wildfires.

The article from AOL Finance discusses the impact of wildfires on homeowners, particularly focusing on the financial and emotional toll. It highlights that homeowners affected by wildfires are increasingly requesting mortgage forbearance to manage their financial burdens. Mortgage forbearance allows homeowners to temporarily pause or reduce their mortgage payments, providing relief during recovery from such disasters. The piece notes that while this option offers immediate financial respite, it's not a long-term solution, and homeowners must eventually resume payments or face potential foreclosure. Additionally, the article touches on the broader implications of wildfires, including the destruction of property, the emotional stress on families, and the community-wide efforts to rebuild. It also mentions the role of insurance in mitigating some of the financial impacts, though many find their coverage insufficient for full recovery.

Read the Full AOL Article at:
[ https://www.aol.com/finance/l-homeowners-impacted-wildfires-request-080100325.html ]

Publication Contributing Sources