Real estate blog entries tagged with flood by Rob Spinosa, Mortgage Loan Originator, Marin County (US Bank)

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flood: What Kind of Insurance Do You Need When You Buy a House? - 01/07/20 07:48 AM

What Kind of Insurance Do You Need When You Buy a House?

Let me start by saying that I'm not in the insurance business, but that the insurance business is in mine. And my business is helping home buyers and homeowners get a great mortgage. So just what are the insurance requirements when you buy a home or go to refinance a mortgage on residential real estate you own in California? Why does your lender care about the insurance coverage you keep?

Homeowner's Insurance
Also known as "hazard insurance," or "fire insurance," this is the key policy you will be required to carry if … (23 comments)

flood: Is Your Mortgage Lender Requiring Flood Insurance? - 04/02/19 07:40 AM

Is Your Mortgage Lender Requiring Flood Insurance?

Up until this point, everything was going great. You loved the house, it fit your budget and, by the grace of God, your offer got accepted.

But then it was your mortgage lender, Dasher of Dreams, who let you know that the property sits in a special flood hazard area, and that it will require flood insurance. I know --- this is something that should have been revealed earlier in the process, and most often it is, but this time around, the fact that the property may be susceptible to flooding risk came up late and … (2 comments)

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