Very sorry for all that you are going through.
I understand the anxiety around rebuild now or later, sell land etc.
But work with your mortgage servicer to put any payments in forbearance etc while you figure out a more permanent living situation.
Mortgage servicer won't do anything until forced by government or requested by you. It is tiring to keep them doing the bare minimum. I would focus on that.
Depending on disaster aid, state laws, local process and insurance dealings, you will have a full plate soon. Plus I assume you are trying to settle in to a new place. Pace yourself.
Keep cash on hand. Do not payoff the mortgage. Liquidity is critical.
Opportunities you didn't think about may show up later. Value of land recovers quickly once rebuilding starts. Don't sell yourself short. All the best with your future.
I understand the anxiety around rebuild now or later, sell land etc.
But work with your mortgage servicer to put any payments in forbearance etc while you figure out a more permanent living situation.
Mortgage servicer won't do anything until forced by government or requested by you. It is tiring to keep them doing the bare minimum. I would focus on that.
Depending on disaster aid, state laws, local process and insurance dealings, you will have a full plate soon. Plus I assume you are trying to settle in to a new place. Pace yourself.
Keep cash on hand. Do not payoff the mortgage. Liquidity is critical.
Opportunities you didn't think about may show up later. Value of land recovers quickly once rebuilding starts. Don't sell yourself short. All the best with your future.
Statistics: Posted by kd2008 — Sat Jan 18, 2025 5:36 pm