$700 Billion Unpaid Mortgage Balances In Hurricane Harvey And Irma Disaster Areas – Stillness in the Storm

Quantifying the damage, Black Knight calculates that Irma-related disaster areas contain nearly three times as many mortgaged properties as those connected to Hurricane Harvey, and nearly seven times as many as those connected to Hurricane Katrina in 2005.In dollar terms, this means that there is some $517 billion in unpaid principal balances in Irma-related disaster areas, nearly three times.

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$700 Billion Unpaid Mortgage Balances In Hurricane Harvey And Irma Disaster Areas – Stillness in the Storm Contents Disaster areas september 19 2017 september 19 Email linkedin 0 2017 hurricane season Knight released today Flood insurance weigh $700 billion unpaid mortgage balances in hurricane harvey and irma disaster areas september 19.

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In dollar terms, this means that there is some $517 billion in unpaid principal balances in Irma-related disaster areas, nearly three times the amount as in those related to Harvey and more than 11 times of those connected to Katrina. Read more. The Paul team’s enthusiasm is commendable. But.

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Combining the preliminary estimates for both Harvey and Irma suggests that over 3.3 million total mortgaged properties are located in Irma and Harvey-related FEMA Disaster zones, while the dollar amount of total unpaid mortgage balances in these two zones is massive: between Irma’s $517 billion and Harvey’s $179 billion, the total potential.

Hurricanes Harvey and Irma may have caused up to $200 billion in damage, comparable to Katrina Harvey’s hit to mortgages could be four times worse than predicted-and then there’s Irma Hurricane victims facing a long road to home reconstruction

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