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Personal Finances / Buying or Selling a Home


Subject:  Re: What a kick in the face Date:  10/24/2013  3:52 PM
Author:  inparadise Number:  126458 of 128887

Rangel Dockery and her husband bought a waterfront house in Florida four months ago, assuming their $2,000-a-year flood-insurance premium would remain about the same. After reading recently about a change in the federal flood program, they checked on next year’s rates and were stunned: Their bill will grow to $14,000 annually.

I feel for these people, truly. However, even a smidge of research on their part would have raised a huge number of red flags about this. It's been all over the internet for a whole lot more than 4 months. Buyer beware.

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