Senate Passes Flood Insurance Bill
By Austin Perez
January 30, 2014
On Jan. 30, 2014, the United States Senate voted 67-32 to approve the Homeowner Flood Insurance Affordability Act (S. 1926), sponsored by Senators Menendez (D-NJ) and Isakson (R-GA).
This bipartisan legislation, an NAR member priority, calls for a 4-year timeout on rate increases triggered either by a property’s sale or a flood map update for a property with previously grandfathered rates. NAR provided Congress with expert testimony suggesting that many of these increases are excessive and inaccurate. The bill also creates a flood insurance advocate within the Federal Emergency Management Act (FEMA) to investigate home owner complaints of multiple different or excessive rate quotes.
The Senate vote sends the measure to the House of Representatives, where Reps. Grimm (R-NY) and Waters (D-CA) have already built an impressive list of 181 co-sponsors in favor of the bill; a total that is 30 votes shy of a House majority NAR will redouble its efforts there to persuade the House leadership to bring a similar bill up for a floor vote at the earliest opportunity.
Thursday, January 30, 2014
Tuesday, January 28, 2014
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Friday, January 24, 2014
Follow This Link For The Most Recent List Of #Foreclosures From The Greater #Clevelandtn Area
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Wednesday, January 22, 2014
Here Is The Most Recent List Of #Foreclosures From The Greater #ClevelandTN Area
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Saturday, January 18, 2014
5 Lots For Sale On Carol Dr SE #Cleveland #TN
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Friday, January 17, 2014
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Thursday, January 16, 2014
Click Here For The Most Recent List Of #Foreclosures InThe Greater #Cleveland #Tennessee Area
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Sunday, January 12, 2014
Cleveland Market Report
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House For Sale: $239,000 
Friday, January 10, 2014
Click Here For Most Recent List Of #Foreclosures From The Greater #Cleveland #TN Area
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