President Joe Biden's disaster declaration allows for federal aid in South Dakota to assist those affected by severe storms and associated financial burdens.
Approximately 28% of South Dakota is eligible for HUD relief, including a 90-day moratorium on foreclosures for those impacted by recent extreme weather.
Impacted mortgage borrowers are encouraged to reach out to lenders for assistance, highlighting the importance of communication during this critical recovery phase.
Relief measures for borrowers also extend to federally insured reverse mortgages through the Home Equity Conversion Mortgage program for 90 days post-declaration.
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