On October 29th, Hurricane Sandy a.k.a. Frankenstorm swept ashore in New Jersey and caused massive destruction. The hurricane caused billions of dollars in damage in the United States, destroyed thousands of homes, left millions without electric service, and killed over a hundred. Some people are still without power, others have just recently gotten it back and still others are having to rebuild their lives all over again. Our thoughts are with all affected.
If you were affected, you may be wondering what you can do for yourselves and others. We’ve compiled a handy list of resources to utilize in this time of need.
This link will take you the US Dept. of Housing and Urban Development where you’ll find a wealth of information on for mortgage and housing assistance. In fact the first paragraph on this page says this: “For a Presidentially declared disaster, FHA activates a mortgagee letter making a variety of insured loan programs available for disaster victims and putting into play use of special loan servicing and underwriting requirements.”
The Federal Emergency Management Agency (FEMA) is now accepting applications from residents and business owners who sustained losses in Atlantic County, Cape May County, Essex County, Hudson County, Middlesex County, Monmouth County, Ocean County and Union County.
The FEMA Housing Portal is intended to help individuals and families, who have been displaced by a disaster, find a place to live. Search for available housing based on location and needs.
- You should also know that On November 9, 2012, Governor Chris Christie signed Executive Order 113 to extend the deadline for fourth quarter property tax payments in calendar-year (those whose budgets expire on December 31st) and state fiscal year municipalities (those whose budgets expire on June 30th) from November 1st to November 16, 2012. In addition, Executive Order 113 also permits these municipalities to extend this grace period, by adoption of a resolution, to December 31, 2012. The Governor signed this executive order to assist those affected by Hurricane Sandy obtain an extension on their property taxes due by the beginning of November.
In addition, under current state law, if a property was destroyed during an event such as Hurricane Sandy, the assessed value of that property could be lowered, which could have an effect on 2013 property tax bills, which are based on a property’s value as of October 1st. However, if the property was destroyed after this time, the assessment can be reduced to reflect the new value of the property. The landowner where the property was located must notify the assessor prior to January 10, 2013, who must then base the assessed value of the property according to its condition as of January 1st.
And if you need further info, please visit HERE for a more comprehensive list of resources available to you.