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Some mortgage companies may even violate the law to this extent. The Texas Insurance Code contains a section devoted entirely to insurance proceeds held by a mortgage company or lender pending repairs of real property. bryan McPherson Mortgage Loan Originator West Hartford Bay Equity Home loans mortgage professional reviews

How Will the New Flood Insurance Bill Impact You? – St. Petersburg, FL Real Estate Blog You can buy flood insurance at any time. However, there’s a 30-day waiting period from date of purchase before your flood insurance policy goes into effect. This means you can’t buy flood insurance 2 days before a hurricane hits Florida and be covered. Some private flood insurers (not FEMA).

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