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How to Avoid Homeowner's Insurance Cancellation
(Lessons from Hurricane Katrina) October 14, 2005 By Robert J. Bruss Inman News As the homeowner victims of Hurricane Katrina are discovering, most homeowner insurance companies are not swift to fully pay even valid claims. Although ... more... Fixing the Mortgage System So It Works For Borrowers September 5, 2005 In some respects, the United States housing finance system is the best in the world. In other respects, it is unworthy of a banana republic. Our housing finance system has a primary market and a secondary market. The primary market is the market the borrower ... more... |
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flood zone related definitions |
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Flood Insurance
Flood Insurance An insurance policy that covers property damage due to natural flooding. Flood insurance may be required on properties in a flood zone - the land bordering a stream which is subject to floods of about equal frequency; for example, a strip of the flood plain ... more... Closing Costs Closing Costs Expenses incurred by the buyer and seller in a real estate or mortgage transaction. There are two types of costs: recurring and non recurring. Non-recurring costs are one time transactional costs ... more... |
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