Just another heads up to all you Realtors and home buyers out there…the current flood insurance program is set to expire (again!) on May 31st . And of course because that is a holiday you need to make sure you’ve got the flood coverage nailed down by this Friday, May 28th.
If you recall, the last time (when it expired at the end of March) it took them a good two to two and a half weeks to get everything back up and running.
So if you have any closings scheduled for after May 31 you need to get the flood insurance bound now to avoid any issues with any closings.
Even if you need to get creative and have the buyers take over the seller’s policy; just get the deed done ASAP this week or this could be the detail that will drown your deal.