This has nothing to do with Sacramento, but the question would strike fear into any homeowner or renter: What should you grab if a hurricane is coming and you have to leave home?
The Mortgage Bankers Association offered this advice to people on the Gulf Coast facing down Gustav.
Take the following mortgage and financial related documents and items with you when you evacuate:
- Original home loan agreement
- Home loan refinance agreements
- Second lien agreements (home equity loans, second mortgage, etc.)
- Most recent mortgage, bank and investment statements
- List of insurance policies
- List of financial account numbers
- List of debt obligations, due dates, and contact information
- First two pages of previous year's federal and state income tax returns
- Back-up copies of computerized financial records
- Keys to safe deposit box
Write down the contact number for your mortgage servicer. This is the company to which you make your mortgage payments. In the past, loan servicers have offered extended grace periods and postponed foreclosure actions in the event of regional or national disasters.
In addition, servicers often will assist borrowers in making contact with their hazard and flood insurance companies. If your home is damaged in the storm or your income is affected due to loss of employment, you should call your servicer to inquire about this type of help.
Keep extra cash on hand. Automatic teller machines (ATMs) and other banking operations may be interrupted.
From Home Front, we offer the final word: Good Luck.