Rep. Grimm to Mortgage Entities: Don’t Force Sandy Victims into Default

    Rep. Grimm to Mortgage Entities: Don’t Force Sandy Victims into Default

    STATEN ISLAND, NY – March 4, 2013 – (RealEstateRama) — Today, Rep. Michael G. Grimm (R-Staten Island/Brooklyn) joined Staten Island homeowners impacted by Superstorm Sandy in calling on federal home mortgage entities to help them keep their homes and avoid default. Homeowners impacted by Superstorm Sandy were permitted to defer mortgage payments for 90-days, which was then extended to 180-days. Deferred payments must be paid back in one lump sum. Rep. Grimm sent a letter to mortgage entities yesterday asking that the lump sum be spread out over the life of the mortgage to ease the financial burden on homeowners

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