One such homeowner saw their flood insurance go to $13,000 a year and they could not pay it, so even though their mortgage is current on principle and interest, their Bank started foreclosure action on them for not paying the flood insurance premium, which was beyond their means to pay.In addition new flood maps are being developed and properties formerly not in the flood are will now be in the flood area and require flood insurance.Flood insurance is only mandatory if you have a federally related mortgage which is 95% of the mortgages now.

The ket is constant persistent action.

They should have taken action to protect their stuff.

Welcome Levi, and congratulations for taking action.

Especially if you have limited resources being the "boots on the ground" for someone that is out of town but interested in the market could be a great way to get started.Find the deals and help get it taken down and get a small piece of the action in return.

(no offense REA folks) Investors are often 'harmed' by the actions of an appraiser.

@Clay Smith I have been at the point you were at 5yrs ago for the past 7 months. i'm ready to take action and would like to network. it's inspiring to hear others post on this forum.

So I'm basically putting the ball in my own hands and holding all responsibility for my own actions.

A quiet title action takes 4-6 months, and around $2,000 unless there a crazy number of lien/judgment/mortgage holders.

(3) An action under this section may be brought at any time during the tenancy or within two years after its termination.