NATIONAL FLOOD INSURANCE UPDATE IMPORTANT FOR ST MARY'S MARYLAND

By
Real Estate Agent with Century 21 New Millennium MD

NATIONAL FLOOD INSURANCE UPDATE IMPORTANT FOR ST MARY'S MARYLAND

This is a follow up to my previous article concerning the NATIONAL FLOOD INSURANCE PROGRAM.

Congress has approved a one-year extension to the NFIP, NATIONAL FLOOD INSURANCE PROGRAM, until September 30, 2011. 

The National Association of Realtors®, NAR, has been fighting to get a long term extension for the NFIP.  When the program lapses it causes considerable problems to our Buyers who need to purchase flood insurance as a requirement before closing.  A lapse occurred earlier this year, resulting in delayed settlements. 

St Mary's, MD has many properties that require flood isurance.   

The one year extension is good but the NAR will continue to fight to encourage the NFIP to be reformed so as to become financially stable for a much longer period.

It is hoped the Bill will be finalized, with President Obama's signature, before September 30, 2010.

If you purchase a house near waterfront , in St Mary's MD, you will need to know about flood insurance.

Let me help you in your search for a property with waterfront or in a waterfront community.

CALL OR TEXT MARGARET C: 301 481 8407

Margaret C. Taylor  SFR CDRS St Mary's County MD Realtor®

Qualified to help you.

Century 21 New Millennium Real Estate Agent, Lexington Park, MD

Serving: Lexington Park, Great Mills, California, Hollywood, Leonardtown, PAX River, Mechanicsville, Charlotte Hall, Piney Point, Valley Lee, Callaway, and surrounding areas, also Calvert and Charles County.

NATIONAL FLOOD INSURANCE UPDATE IMPORTANT FOR ST MARY'S MARYLAND

This blog is for informational purposes only and is not intended as legal or tax advice. An Attorney, CPA or other specialist should be consulted for specific needs.

 

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Lexington Park, Great Mills, California, Hollywood, Leonardtown, Mechanicsville, Charlotte Hall, Piney Point, Valley Lee, Callaway, PAX River, and more, also Calvert and Charles County MARYLAND

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MARGARET C. TAYLOR REALTOR 301 481 8407 

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Office: 301 862 2169

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