http://activerain.com/blogs/only1stop en-us http://activerain.com/blogsview/1671586/e-mail-scams <p>A recent scam involves an email from an email address you know.&nbsp; The person you supposedly know will ask for money due to some specific emergency.&nbsp; Please make it a practice to NEVER send money to anyone until you confirm the validity by phone.&nbsp; It is amazing what information is made available to scammers that is used against us.</p> Roger Portaro (RSVP Homes Realty) Mon, 31 May 2010 15:11:41 -0700 http://activerain.com/blogsview/1671586/e-mail-scams http://activerain.com/blogsview/1671538/options-during-flood-insurance-hiatus <p>Options during flood insurance hiatus<br><br>Should a buyer not secure flood insurance on time, closing is still possible if the buyer "assumes" the seller's existing flood insurance policy. For this to work, the seller must have coverage and be willing to transfer it. More info: http://www.fema.gov/pdf/nfip/manual201005/03gr.pdf<br><br>In addition, a handful of private companies also offer flood insurance not backed by NFIP, such as Lloyd's of London, Chubb and AIG. However, these companies issue only a limited number of policies and, without federal backing, it can be expensive.<br><br>Secondary lenders that purchase mortgages have their own guidelines on how to handle a flood insurance lapse. FHA has already issued updated guidance. Fannie Mae, Freddie Mac, the VA and other lending authorities are expected to release guidance shortly.</p> Roger Portaro (RSVP Homes Realty) Mon, 31 May 2010 14:47:39 -0700 http://activerain.com/blogsview/1671538/options-during-flood-insurance-hiatus