What steps need to be taken after a hurricane in order to close on your mortgage
After a hurricane, the process of closing on a mortgage may be impacted due to potential damage to the property or delays caused by the storm's aftermath. Here are the next steps to take:
1. Assess Property Damage
Inspect the Property: The first step is to assess if the property sustained any damage during the hurricane. This can be done by the buyer, seller, or a licensed inspector. Some lenders may require a re-inspection before closing.
Appraisal Updates: If there is significant damage, the lender may need a new appraisal to determine the property's current value.
2. Review Insurance…
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