Reports suggest that satellite imagery had notice that a flood was on its way - http://www.theglobeandmail.com/news/national/satellite-data-hinted-at-alberta-floods-weeks-ago/article12792249/ . We can become unsettled with that, but then again we ask ourselves “how much time would have that given us to DO anything about it?” The fact of the matter is that it came, it saw, and it kicked our behinds. The first ever (that we know of), of this magnitude and now we’re left to deal with the aftermath…
Unlike many residents of High River, most of the affected in Calgary have now began to restore, rebuild, and move back into their homes. High River… well, a lot of the residents there can only watch in heartache and come to grips that their homes are now and forever uninhabitable. So many material items…lost - with all but memories remaining.
As the communities pull together to help our fellow man, woman, and families (and what an honor to live in such a community where we witnessed SO many helping hands of support!), many are left to deal with finances that leave them wondering how they will pull it together.
“Our government wants to help rebuild safer homes and stronger communities,” said Doug Griffiths, Minister of Municipal Affairs. “We have worked hard to find practical ways homeowners and small businesses can better protect their property from flood damage in the future.” He also announced that “No eligible homeowner with flood damage will go without financial support.” So as we wait to see this program unfold, many of us have lives to deal with at the same time, and pay our mortgage. It’s an awful lot to take on at one time: kids, food, gas, home, entertainment, on and on… all of this while we deal with rebuilding and restoring - and waiting.
Mortgage Insurers (Genworth in particular) has offered a helping hand during this time of uncertainty. Genworth has a HomeOwnership Assistance Program whereby they are assisting flood affected homeowners (insured by Genworth) by offering up to 6 months relief of mortgage payment. All of the scenario’s of course are different and are reviewed on a case by case scenario, but it can be a beacon of light in times like these.
If you are in need of assistance for your mortgage payments and are affected by the flood - BUT, do not know if your mortgage is insured by Genworth (and Canada First Mortgage did your mortgage for you) - let us know. We would be happy to find out for you.
Here’s a video showing a real life case, and glimpse as to how it works: Genworth Home Owners Assistance