Hurricane season started on June 1. FEMA, the Federal Emergency Management Agency may fill foreclosed houses in Louisiana, Mississippi, Florida and Texas, if need be.
If there is a large storm that puts owners and/or tenants out of their homes, FEMA, is contemplating using specified vacant properties as temporary shelters, in the case of an extreme emergency.
FEMA will determine ahead of time which foreclosures would be used. And, they have indicated that the owners/banks would be paid for the use of the properties.
We will have to wait to hear the details of how a plan like this would or could actually work.
Or, I suppose the question is…should a plan like this be considered?
Oh, so many questions and concerns…
This article is authored by
I buy, sell, rent, own and manage Brevard County real estate.