Louisiana REALTORS® has published an FAQ page following the recent catastrophic flooding in our area.
By: Baker, Donelson, Bearman,
Caldwell & Berkowitz, PC
Patricia B. McMurray and Natalie K. Maples
The record-setting rainfall over the past week has caused catastrophic flooding in Southeastern Louisiana, including flooding in areas of cities that have never before been flooded. This unprecedented natural disaster has impacted tens of thousands of Louisiana homeowners; resulting in many questions for homeowners and real estate professionals regarding pending real estate sales. This article addresses some of the questions real estate professionals may be receiving from their clients, and provides information regarding applying for assistance and filing insurance claims.
August 19, 2016
To: Greater Baton Rouge Association of Realtors
From: Bill Holt, President, Greater Baton Rouge Mortgage Lenders Association
Subject: Mortgage Payment Relief Process
First, it’s with great sadness that I write this memo knowing that so many in our area are suffering from the recent flooding event. There are thousands who are trying to put their lives back together after losing their belongings and in many cases, their houses. There have been social media posts from those in the real estate community advising their clients to take advantage of the three-month payment deferment option. This memo is to clarify how this process works, so accurate information can be delivered to all homeowners through the local Realtor network.
The New Orleans Metropolitan Association of REALTORS® created this infographic for those impacted by the flood.
GBRAR’s Livingston Council of REALTORS® is setting up an office space at 426 Florida Ave, Denham Springs (between the Tractor Supply and Tom’s window tint, across from the concrete plant). See it on Google Maps.
This will be a collection and distribution point for donations for GBRAR members.