Congress let the National Flood Insurance Program (NFIP) expire. Until Congress extends it there can be no new or renewal flood policies issued. Thousands of residential & commercial transactions are on hold wiithout the flood insurance coverage provided by
NFIP. Many of the contracts for these properties were written by April 30, so buyers could get the homebuyer tax credit. If the transactions don't close by June 30, they will lose the credit. Please call your congressmen.
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