Mortgage Myth Busters: September 2010

National Flood Insurance has been extended...



National Flood Insurance program


As many of us know and realize, the National Flood Insurance extension was going to end on September 30th, 2010. Well, it has finally been extended until September 30th, 2011.

Most reports online are reporting that the Senate has approved the extension and that they are awaiting on the House to approve the Bill.  But there were no news updates on what happened with the house, at least from what I could find.

Well, here is the official time line on both the Senate and the House approving the Flood Extension until September 30th, 2011. Please read : Bill Summary & Status -

This is great news because not only has it held up many settlements in the past, and not knowing what would have happened this time around, but that the Hurricane season usually goes into November. If anything major would have happened, who knows the extension messes that would have been created.  Hey, it's been passed, just waiting on the President's signature.







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Copyright © 2011 by Jeff Belonger of Infinity Home Mortgage Company, Inc

Comment balloon 2 commentsJeff Belonger • September 29 2010 01:00AM
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