Flood Insurance A Disaster Waiting To Happen - If you live in a Flood Zone and are involved in the purchase or refinance of a property, then you may be in for a HUGE SUPRISE. Funding for FEMA's Flood Insurance program has run out and they await Congress to give them a funding extension. As of yet, Congress has not acted and it WILL affect real estate closing in all areas where Flood Insurance is required by the lender. Many real estate closings in Florida have already been delayed because of this and more is certain to come. How will this affect you and what is your opinion about this disaster just waiting to happen?
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