Thursday, December 1, 2005

Gulf Coast Homeowners' Mortgages Come Due

HURRICANE SEASON

A house sits on railroad tracks in Pass Christian, Miss., Tuesday, Nov. 29, 2005. Three months after Hurricane Katrina hit the Gulf Coast, the house remains where it came to rest during the storm. (AP Photo/Orlin Wagner) 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: , , , , , , , , , , ,
AddThis Social Bookmark Button

1 Comments:

Blogger Matt said...

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.

9:08 AM EST  

Post a Comment

<< Home