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Updated almost 7 years ago on . Most recent reply

User Stats

21
Posts
3
Votes
Stanley J Okazaki
  • Real Estate Agent
  • Gardena, CA
3
Votes |
21
Posts

FEMA zoning means Hard Money is unavailable in TX.

Stanley J Okazaki
  • Real Estate Agent
  • Gardena, CA
Posted

Just spoke to a Hard Money Lender and apparently due to the flooding, the gov. put restrictions on hard money lenders ability to lend in certain counties throughout TX that have a certain "zoning" from FEMA because they were flooded. From what he told me, they can't lend in these certain counties until the FEMA zoning is lifted.

Where can one find out more about this zoning? How long would it take for this zoning to be lifted?

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