Posts Tagged ‘homeowners’

Flooded homeowners opt for buyout program

VICKSBURG — Eighteen North Vicksburg homeowners who suffered damage from the Mississippi River flooding this spring have signed up for the city’s buyout program. The Vicksburg Post reports the voluntary buyout will be conducted in two phases. The first involves homes in the flood plain known as the city’s 1 percent area and were determined […] [...]

Flood victims to be offered buy-out program

VICKSBURG — Vicksburg officials will hold a forum on Sept. 1 at the Vicksburg Auditorium for homeowners in the areas hit by the 2011 flood who are interested in participating in a voluntary home buyout program. The Vicksburg Post reports that the city will apply for funding through the Federal Emergency Management Agency. The Mississippi […] [...]

A look at the pros and cons of home associations

by Published: August 21,2011

Tags: home associations, homeowners, Marty Wiseman

Mr. and Mrs. Binder do not want to renew their homeowners’ association dues, but they will be legally forced to if they do not pay up. Mr. and Mrs. Washington on the other hand are not going to renew their homeowners’ association dues this year, but nothing will happen to them. Why the difference? The […] [...]

State’s foreclosure actions up and down

ACROSS MISSISSIPPI — Home foreclosure actions in Mississippi rose in July from the previous month, but were down from a year ago, according to a national foreclosure tracking firm. Irvine, Calif.-based RealtyTrac said 359 housing unit were targeted for some sort of foreclosure action last month — and all of those homeowners were at the […] [...]

FEMA extends NFIP deadline for flood victims

WEST MISSISSIPPI — Mississippi flood policyholders insured through the National Flood Insurance Program and affected by the April and May flooding of the Mississippi River and its tributaries have been granted a 30-day extension to the deadline for filing a proof of loss statement with their insurer. National Flood Insurance Program policyholders are given 60 […] [...]

MHC launches Home Saver program for jobless homeowners

JACKSON — The Mississippi Home Corporation (MHC) has unveiled its Home Saver program to help unemployed Mississippians bring their mortgages current and make monthly mortgage payments for up to 12 months while they look for work. The program’s Education Option assists homeowners for up to 12 additional months if they enroll in a certificate or […] [...]

Chaney issues moratorium on policy cancellations/non-renewals

JACKSON — To assist residents as they struggle to recover from last week’s devastating storms, Commissioner of Insurance Mike Chaney has issued a bulletin to insurance carriers placing a 60-day moratorium on the cancellation/non-renewal of certain policies. The moratorium applies to commercial property, homeowners, dwelling fire and commercial and personal automobile insurance policies. The moratorium […] [...]

Cut loose by Allstate, homeowners likely to find coverage elsewhere

by Published: May 2,2011

Tags: Add new tag, Allstate, homeowners, insurance, Katrina

With hurricane season’s official start less than a month away, 5,000 Mississippi homeowners face the prospect of losing their Allstate home insurance coverage. But state polices adopted after Katrina in 2005 should go a long way toward ensuring the homeowners can find policies elsewhere, say Professor Larry Cox of the University of Mississippi and Matt […] [...]

FEMA approves wind-retrofitting grant for Coast homeowners

MISSISSIPPI GULF COAST — U.S. Senators Thad Cochran (R-Miss.) and Roger Wicker (R-Miss.) announced the approval of a $22-million grant to assist eligible homeowners in Mississippi’s coastal counties in retrofitting their homes to withstand destructive winds. The Federal Emergency Management Agency (FEMA) has approved the Mississippi Emergency Management Agency’s request for federal funding to support […] [...]

Allstate asking for increase in homeowner insurance rates

ACROSS MISSISSIPPI — Mississippi Insurance Commissioner Mike Chaney says Allstate Property and Casualty Co. will increase homeowner insurance rates 19.4 percent in Mississippi. Chaney told The Sun Herald newspaper that Allstate was threatening to drop 18,000 policyholders unless he allowed a rate hike of at least 44 percent. He said he “worked diligently to negotiate […] [...]

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