The House passes the Flood Insurance Extension !!!
By Jeff Belonger, The FHA Expert - FHA Loans - FHA mortgages - USDA loans - VA Loans
( Social Media - Infinity Home Mortgage Company, Inc)
STOP : Listen clearly... this has only been approved by the House. The Senate still needs to approve this. The House has passed another temporary extension for Flood Insurance. Let me repeat, (because of the misleading posts about the Tax Credit from last week ) a temporary extension has been approved by the House, good through September 30th, 2010. The Senate still needs to vote on this extension. The program has been suspended since May 31st, 2010. Many of us in the real estate world know how important this is. But why is the government having such a hard time coming together on this, or at least adding the appropriate provisions in order for this to work. This issue has stopped 1,000's of closings from taking place lately and or putting many in jeopardy that live in flood are...
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