* Homeowner’s insurance does NOT cover floods
* Nothing in a basement is covered by flood insurance
* Flood insurance pays out a maximum of $250,000 over the life of the property
Floods are one of the most common hazards in the United States. Flood effects can be local, impacting a neighborhood or community, or very large,...
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Real Estate And Mortgage News
- OBAMA ADMINISTRATION RELEASES APRIL HOUSING SCORECARDWASHINGTON- The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury today released the April edition of the Obama Administration's Housing Scorecard - a comprehensive report on the nation's housing market. Data in the April Housing Scorecard show some promising signs of stability, though the overall outloo […]
- DONOVAN JOINS STATE AND LOCAL LEADERS TO FORMALLY OPEN MARRERO
COMMONS ON THE SITE OF THE FORMER B.W. COOPERNEW ORLEANS - In the wake of Hurricane Katrina in 2005, the B.W. Cooper Public Housing Development in New Orleans became uninhabitable. On that very site today, U.S. Housing and Urban Development Secretary Shaun Donovan joined New Orleans Mayor Mitch Landrieu, Senator Mary Landrieu, Congressman Cedric Richmond and Housing Authority of New Orleans (HANO) Admi […]
- HUD AND OBAMA ADMINISTRATION OFFICIALS HOST GEORGIA WHITE HOUSE FORUM ON HOUSINGWASHINGTON - Today, the U.S. Department of Housing and Urban Development (HUD), the U.S. Department of the Treasury, and the U.S. Department of Agriculture (USDA) hosted a White House Forum on Housing to discuss programs and initiatives promoted by the Obama Administration that help responsible homeowners and struggling communities hit hardest by the housing […]
- HUD AWARDS $56 MILLION IN GRANTS TO PROMOTE AFFORDABLE HOUSING AND ECONOMIC DEVELOPMENT IN NATIVE AMERICAN COMMUNITIESWASHINGTON - The U.S. Department of Housing and Urban Development today awarded more than $56 million to 76 tribal communities throughout the nation to improve housing conditions, promote community development and to spur local economies with construction projects and jobs. The competitive grants awarded are part of HUD's Indian Community Development Bl […]
- HUD APPROVES $10.7 MILLION REFINANCING DEAL FOR RIO GRANDE HOSPITALDENVER - The U.S. Department of Housing and Urban Development (HUD) today announced a commitment to insure a mortgage loan to Valley Citizen's Foundation for Health Care, Inc. which is doing business as Rio Grande Hospital in Del Norte, Colorado. It is estimated the refinanced debt will save the hospital more than $168,000 a year in principal and intere […]
The Economy
- Manufacturers' Shipments, Inventories, and OrdersNew orders for manufactured goods in March decreased $7.1 billion or 1.5 percent to $460.5 billion. March 2012: -1.5 % change February 2012: 1.1 % change […]
FEMA
- New Flood Maps Show Updated Flood Risks in Collier County, FloridaATLANTA, Ga. -- New flood insurance rate maps go into effect for Collier County, Fla. on Wednesday, May 16, 2012. Flood maps show the extent to which areas are at risk of flooding, and theyre used to help determine flood insurance requirements. […]
- Federal Storm Aid Tops $3.7m as Registration Deadline ApproachesINDIANAPOLIS, Ind. -- As the May 8 deadline to apply for federal disaster assistance quickly approaches, aid continues for Indiana residents and communities affected by severe storms that occurred from Feb. 29 through March 3 in Clark, Jefferson, Ripley, Scott, Warrick and Washington counties. […]
- Logan County Disaster Recovery Center to CloseCHARLESTON, W. Va. -- The state and federal Disaster Recovery Center in Logan County, operating from the Verdunville Volunteer Fire Department at 2270 Mud Fork Road in Logan, will close Friday, May 11, at noon, according to officials from the Federal Emergency Management Agency. […]
Floods, Floodplains And Houses
The Real Estate Market
WASHINGTON, DC –The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury today released the January edition of the Obama Administration’s Housing Scorecard – a comprehensive report on the nation’s housing market. Data in the January Housing Scorecard underscore...
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More About Flood Insurance
Windsor, Conn. — While flood insurance is not mandatory for homeowners outside of a high-risk area, anyone can be financially vulnerable to floods. People outside of high-risk areas file more than 25% of NFIP claims and receive one-third of disaster assistance for flooding. Residential and commercial property owners who are not located in high-risk...
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Pennsylvania Real Estate Licensees
Real estate licensees have five months remaining to earn 14 hours of continuing education (CE) credit before the State’s Real Estate Commission’s license renewal deadline of May 31, 2012.
New licensees who received their licenses between Dec. 1, 2009 and Nov. 30, 2011, are required to take 14 hours of CE in specific, mandatory commission-developed...
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Earthquake Insurance After Virginia Quake
Most homeowners in the Northeastern United States did not think they needed to worry about their homeowner’s insurance covering damage from an earthquake; however, most homeowner’s insurance does not cover earthquakes.
After the 2011 earthquake in Virginia, FEMA has issued the following statement:
Common Misunderstandings Could Delay or Limit Your Assistance
Virginia’s earthquake declaration has spanned five...
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Existing-Home Sales Show Uptrend
Existing-home sales continued on an uptrend in December, rising for three consecutive months and remaining above a year ago, according to the National Association of Realtors®.
The latest monthly data shows total existing-home sales1 rose 5.0 percent to a seasonally adjusted annual rate of 4.61 million in December from a downwardly revised 4.39 million in...
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Homebuyer’s First Steps
Mortgage rates are at 50-year lows – the 30-year fixed-rate mortgage averaged 3.95 percent at the close of 2011 – making homeownership more affordable than ever for families with a stable income and good credit. But before you begin house hunting in earnest, it’s important that you get the facts about buying a home...
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Montgomery County Real Estate
Montgomery County Recorder of Deeds NANCY J. BECKER is urging recorders/registers of deeds across state and the country to withdraw public money from any banks affiliated with the Mortgage Electronic Registry System (MERS), which she claims is undermining the practice of accurate land recording.
In recent years, mortgages have been assigned and...
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The Future Of Housing
Six Key Principles for the Future of the Housing Finance Market
By Feddie Mac CEO Ed Haldeman
Freddie Mac was chartered by Congress in 1970 with a public mission to stabilize the nation’s residential mortgage markets and expand opportunities for homeownership and affordable rental housing. Our statutory mission is to...
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New Residential Construction
Building Permits, Housing Starts, and Housing Completions
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Existing Home Sales
Washington, DC, November 21, 2011
Existing-home sales improved in October while the number of homes on the market continued to decline, according to the National Association of Realtors®.
Total existing-home sales1, which are completed transactions that include single-family, townhomes, condominiums and co-ops, rose 1.4 percent to a seasonally adjusted annual rate of 4.97 million in October...
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Houses for Sale by the U. S. Government
The HomeSales.gov web site provides current information about single family homes for sale by the U.S. Federal Government. These previously owned homes are for sale by public...
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Greater Philadelphia Region
- ID Theft and Tax Refund SchemeHARRISBURG, PA — Agents from the Attorney General’s Bureau of Criminal Investigation have filed charges against a husband and wife from Georgia, along with a Pittsburgh area man, accused of operating a multi-state scheme to fabricate Pennsylvania state tax returns and apply for bogus refunds by stealing the identities of prison inmates from across the [...] […]
- Summer Youth ProgramPhiladelphia, PA – During the British American Business Council (BABC) Breakfast with His Royal Highness The Prince Edward in attendance, Mayor Michael A. Nutter announced that pharmaceutical and healthcare company GlaxoSmithKline (GSK) and The Philadelphia Foundation will provide $1 million in grants to support WorkReady Philadelphia programs. “This grant w […]