Archive for National Flood Insurance Program

Housing Industry Professionals Celebrate Extension of Flood Insurance Program

The National Association of Home Builders (NAHB) and its members who rely on the National Flood Insurance Program (NFIP) won an important victory last week. The U.S. Congress reached an agreement to reauthorize the program through the end of September 2017. Many home buyers have had to delay or cancel closings over the past few [Read More]

July 04, 2012 | Author: Mitch Levinson | Comments: (0) | Categories: Chicago Real Estate News, Events, Insurance, NAHB

You Can Help Protect Homes from Water Damage

Flooding is a nation-wide problem, but on Friday, the federal program that insures homes against flood damage is expiring. Between 1990 and 2005, flood disasters were declared in every single state, according to the National Association of REALTORS (NAR). In June of this year, flood disasters were declared in 10 states, one of them Illinois. [Read More]

September 29, 2011 | Author: Tracey | Comments: (0) | Categories: Economy, Insurance

Need Earthquake or Flood Insurance?

It has certainly been a crazy few weeks for homeowners in the United States, with the recent earthquake and the effects of Hurricane Irene still being felt. Although they may not have considered it before, these events may cause owners of Chicago real estate (and certainly real estate owners in other parts of the country) [Read More]

August 30, 2011 | Author: Mitch Levinson | Comments: (0) | Categories: Insurance

Illinois Homeowners Should Prepare for Flooding Now

Do you have flood insurance to cover your Chicago home? Should you? Senator Dick Durbin (D-IL) is urging Illinois residents in flood-prone areas to protect their homes and businesses in advance of any flooding this year by investing in the National Flood Insurance program. His advice comes after the National Oceanic and Atmospheric Administration (NOAA) [Read More]

March 29, 2011 | Author: Tracey | Comments: (0) | Categories: Education, Featured, Remodeling

Obama Extends Two Important Homeowner Deadlines

President Barack Obama on Friday signed two laws aimed at helping homeowners. First, the President approved a three-month extension to the June 30 closing deadline for homebuyers trying to qualify for the Federal Home Buyers Tax Credit. The “Homebuyers Assistance and Improvement Act of 2010” now gives buyers who had a signed contract in place [Read More]

July 03, 2010 | Author: Tracey | Comments: (0) | Categories: Chicago Real Estate News, Economy
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