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Attention all Realtors…Congress has not extended the flood insurance policy and it expires September 30th 2010

Tue, Aug 24, 2010 at 10:20AM

This post is via Pablo Samsing - Florida Mortgage Solutions Group Inc. Important Notice:

  • Congress has not extended the flood insurance policy and it expires September 30th. What does this mean to you? If you have a closing after September 30th, around the first ¾ of the month of October, you may have an issue if the home is in a flood zone; which most of Florida is in a flood zone. If your broker has not gotten the flood insurance for your client before September 30th, then you will have to wait til congress extends the flood policy. Last time it took congress almost 4 weeks to do this. In our environment with contract dates, short sales, rate locks etc, we can't afford to wait one extra day, much less a month. Check your deals.

If you have any further questions...feel free to contact >>Pablo Samsing - Florida Mortgage Solutions Group Inc.

For more information ....Please contact Neal Bloom-Realtor® /Keller Williams Properties Weston Realtor(R) Neal Bloom-copyright 2007 1625 N. Commerce Parkway,Suite 105 Weston FL 33326 (954)608-5556 Neal Bloom tells it Like it is in Real Estate-copyright © 2010-All rights reserved Page copy protected against web site content infringement by Copyscape

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