Harvey to hit mortgages if flooded homeowners stop paying

[Bob Malecki]

Interesting article linked below, and a cautionary one for anyone who considers buying debt in natural disaster areas where the home's value is lower than the debt. With the home being "underwater" in both respects, why would a homeowner want to make their mortgage payment if they can't get their insurer to cover the repairs. Something to consider when you are buying debt in these areas..........

http://www.msn.com/en-us/money/realestate/harvey-to-hit-mortgages-if-flooded-homeowners-stop-paying/ar-AAqZoEW