Gulf Coast Homeowners' Mortgages Come Due
HURRICANE SEASON
NEWSLINE
"This month will be a major turning point for most Katrina victims."
NEWSBYTE
Gulf Coast Homeowners' Mortgages Come Due
OCEAN SPRINGS, Miss. (AP) - Like many homeowners around here, Janet Kisling owes a pile of debt on little more than a pile of debris. She has a $1,000-a-month mortgage on a home that is uninhabitable. For her and others along the Gulf Coast, December brings a cruel cut-off: It marks the end of an informal 90-day grace period that many lenders offered to Hurricane Katrina victims that let them put their mortgage payments on hold.
TENSION: Taking a pound of flesh
GRAVITY: Rubble
Tags: News, Gulf Coast, Hurricane, Wilma, tropical storm, photos, pictures, Katrina, politics, Louisiana, New Orleans, Mississippi
NEWSLINE"This month will be a major turning point for most Katrina victims."
NEWSBYTE
Gulf Coast Homeowners' Mortgages Come Due
OCEAN SPRINGS, Miss. (AP) - Like many homeowners around here, Janet Kisling owes a pile of debt on little more than a pile of debris. She has a $1,000-a-month mortgage on a home that is uninhabitable. For her and others along the Gulf Coast, December brings a cruel cut-off: It marks the end of an informal 90-day grace period that many lenders offered to Hurricane Katrina victims that let them put their mortgage payments on hold.
TENSION: Taking a pound of flesh
GRAVITY: Rubble
Tags: News, Gulf Coast, Hurricane, Wilma, tropical storm, photos, pictures, Katrina, politics, Louisiana, New Orleans, Mississippi
posted by Steven Moyer at 9:46 PM
1 Comments:
Without some help I can see this making the poorer people in those regions a lot poorer and those in a position to profit richer.
I think the gov't needs to help these people out some more.
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