The rules and laws that govern the earnest money is different in each state.

Once you understand whats being proposed by the local government for the area, then you can make an informed decision on whether or not you want to invest there.I'd also look to acquire property for about half of your budget and pick a property you can successfully reposition.  

However I also heard that because of this that the government subsidizes the insurance coverage.  

Taxes and Other Government FeesRecording Fees and Other Taxes $375Transfer TaxesF.

Then my mortgage company had a list of things I had to submit, including inspections they performed, before sending back the money.I would think anyone with flood insurance would have to go through the same process of working with the mortgage holder to get access to the insurance funds.Now if the government steps in and offers money to affected homeowners, no telling what rules will or will not be in place around those funds.

According to Wikipedia, there is NO actual county government, which would ordinarily be the first place to start.

While the above-referenced items identify what is customarily required by Servicer to support a Loan Assumption request, Seller and Buyer acknowledge and agree that the terms, provisions and conditions of the documents governing the loan(s) to be assumed will ultimately control, including, without limitation, transfer fees and costs, release language, legal opinions and the documentation required to evidence the Loan Assumption.

Hey folks,Just got my track search back for a property tomorrow and found:---Recapture Agreement recorded (date) as document(number) made by (person) to Illinois Housing Development Authority, to secure a note in the originally stated principal amount of $25,000.00, and to the terms and conditions thereof.All I can find about a Recapture Agreement is that it is a 0% loan given to certain people from the government for rehab.  

The statue: (b) In a tenancy with multiple tenants, one of whom is terminating the lease under subdivision 1, any lease governing all tenants is terminated at the latter of the end of the month or the end of the rent interval in which one tenant terminates the lease under subdivision 1.

So I look for every chance I can get not to pay the government.