
Explainer: What Happens to Your Mortgage After a Disaster?
Boston.com, Dec. 11, 2024-Sury Chakraborty
In October, Hurricane Helene barreled across several states, causing $53 billion in damage and recovery needs in North Carolina alone, according to the governor’s office. The storm destroyed more than 100,000 homes and affected some 200,000 people in the state, ABC News 13 reported.
What happens to your mortgage when disaster strikes, and how can you protect yourself?
Experts from the mortgage industry spoke with Boston.com on the topic.
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