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DU Home » Latest Threads » Forums & Groups » Main » General Discussion (Forum) » 35,000 More NYC-Area Buil... » Reply #3

Response to hrmjustin (Reply #2)

Mon Jan 28, 2013, 04:40 PM

3. The problems comes when one has a mortgage, barely making payments as it is then forced

to pay out a huge increase in 'required by the bank' flood insurance.

They rewrote the maps here in Michigan a couple of years ago and I know 2 people that had to let the bank take back there homes. Albeit they were struggling anyway with this Michigan economy but it was the straw that broke the camels back.

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Purveyor Jan 2013 OP
bluedigger Jan 2013 #1
hrmjustin Jan 2013 #2
LineLineNew Reply The problems comes when one has a mortgage, barely making payments as it is then forced
Purveyor Jan 2013 #3
hrmjustin Jan 2013 #4
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