DAILY REAL ESTATE NEWS | TUESDAY, MAY 23, 2017 - Most mortgage lenders require borrowers to purchase home insurance, but many buyers may be confused about what their policy covers. Realtor.com® recently highlighted several common myths consumers believe when it comes to home insurance.
DAILY REAL ESTATE NEWS | THURSDAY, MARCH 30, 2017 - Time is ticking for the National Flood Insurance Program. In just six months—on Sept. 30—the NFIP is set to expire, and REALTORS® are warning that could pose a major threat to home owners and property sales.
“When the NFIP expired in 2010, over 1,300 home sales were disrupted every day as a result,” says NAR President William E. Brown. “That’s over 40,000 every month. Flood insurance is required for a mortgage in the 100-year floodplain, but without access to the NFIP, buyers simply couldn’t get a mortgage or vital protection from the number one cause of loss of property and life, flooding.”