The extension of the National Flood Insurance Program (NFIP) is a multifaceted victory for homeowners, businesses, banks, and real estate professionals. This brings certainly to the areas throughout the nation where coverage is necessary to obtain a mortgage.
The Surface Transportation Bill (H.R. 4348) included the specifications necessary to reauthorize NFIP through 2017. President Obama signed the bill into law on July 6, 2012. Reforms to NFIP include:
Read more...National Flood Insurance Extended for Five Years | CCIM Institute