Hurricane Michael may prevent thousands of mortgages from closing

By jguerin@housingwire.com

An estimate by real estate data provider ClosingCorp reveals that more than 1,600 pending mortgage transactions are in jeopardy as a result of the devastating impact of Hurricane Michael. The Category Four storm may affect more than $400 million in loans as residents and lenders grapple with the damage left behind in Michael’s wake.

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