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Some Homeowners Are Protected Against Storm Foreclosure
09/05/08 - 08:36 PM
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Some homeowners in Louisiana’s disaster parishes are getting protection against foreclosure.
Federal housing secretary Steve Preston announced on Friday a moratorium on foreclosures on homeowners with mortgages insured by the Federal Housing Administration.

The moratorium is in effect for three months, for FHA homeowners in the 36 parishes that the White House has declared so-called “major disaster” zones.

Preston said homeowners should check with their lenders to see if they qualify.

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