Can someone please explain the FEMA stall?

Tips and Deals Forums Home Insurance Can someone please explain the FEMA stall?

This topic contains 0 replies, has 1 voice, and was last updated by  Anonymous 6 years, 2 months ago.

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  • #402006

    Anonymous

    House is under contract but lender is saying they can’t fund the loan because FEMA is broke and they are waiting for Congress to extend for a month or a year. Sounds fishy to me, since there is nothing on the FEMA website about it…? I would appreciate your informed input, thanks!
    We’re the sellers. It’s resort property at 7 ft. above sea level. Buyer’s lender is the one saying the can’t do th loan unless FEMA gets another extention from Congress.

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