There is little to make such events welcome, but at least most mortgage lenders are willing to help victims when Mother Nature runs amok.
Natural disasters strike with terrible regularity, and the damage can be overwhelming.
I know, because ten years ago what had been a family beach house was decimated by hurricane Hugo. Once a rustic structure on six private miles of Carolina beach, the home had five bedrooms, five baths, two kitchens, two living rooms, and a library until it was effectively dismantled when hit by 26-foot waves. Hurricanes are known for high winds and massive amounts of rain. Moving at great speed and weighing billions of tons, such waves can quickly reshape coastal areas by creating new channels, eroding beaches, and destroying man-made structures. While the beach house had been sold six months earlier and a replacement property built a mile inland, even the inland home felt Hugo's impact.