On June 29, the US House and Senate passed the Biggert-Waters Flood Insurance Reform Act of 2012 that reauthorizes the National Flood Insurance Program for the next five years. All members of Congress representing southeastern Pennsylvania supported the legislation. President Obama is expected to sign the measure this week.

 

Because of the collective voice of thousands of REALTORS, Congress has passed legislation that will bring certainty to real estate transactions in more than 21,000 communities nationwide where flood insurance is required for a mortgage. The bill also ensures the program will continue long-term for more than 5.6 million businesses and homeowners that rely on it and means taxpayers will sped less on federal assistance for flood disasters over the long run.

 

Click here for more information on this important victory for REALTORS
 
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10 Comments on Congress Extends Flood Insurance for Five Years

JUL
03
477,249 Points 10 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Janice, this is indeed good news and thanks for sharing it. Have a great holiday.

Cal
5:11pm • #1
656,532 Points 2 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

We just heard this in our office meeting today.  It is a good thing.
5:12pm • #2
177,110 Points Outside Blog

Great news for Florida where more policies are sold then any other state.

However, I believe that a significant price increase goes along. 
5:51pm • #3
466,662 Points 2 Featured Posts

Cal, appreciate you stopping by. Happy Fourth of July to you as well
6:06pm • #4
466,662 Points 2 Featured Posts

Tim, I agree. It is a good thing
6:06pm • #5
466,662 Points 2 Featured Posts

Erv, hopefully not too big an increase.
6:06pm • #6
872,262 Points Outside Blog Called Shot Master

Janice - This is great new, and it will help many homeowners. Thanks for the information on Congress extends flood insurance for five years.
6:13pm • #7
JUL
04
466,662 Points 2 Featured Posts

John, I am glad it is hleping so many homeowners. Happy Foruth of July!
2:17am • #8
494,108 Points 29 Featured Posts Outside Blog Called Shot Master

It was certainly great to see that the House and Senate passed the extenion by such a wide margin, but wan't so happy about the increase in fees.
2:36am • #9
466,662 Points 2 Featured Posts

Joe, nobody likes to see those increases, for sure.
10:26am • #10

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Janice Roosevelt, OICP ABR, ePRO,Ecobroker

Chadds Ford, PA

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Susan Manners Team, Prudential Fox & Roach Realtors

Address: P.O. Box 577, 1598 Baltimore Pike, Chadds Ford, PA, 19317

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