Revisions to FEMA Flood Maps Affect Residences in 12 States

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A recent report by Cotality reveals that revised FEMA flood maps have classified thousands of homes into high-risk flood areas across over 100 communities in 12 states, leaving impacted homeowners with a tight window of 45 days to obtain flood insurance. Escambia County, Florida leads with 2,344 properties newly designated, followed by Pender County, North Carolina, Chattanooga, Tennessee, Ithaca, New York, and Methuen, Massachusetts. The report also indicates that for 10% of FHA homeowners, their escrow payments for taxes and insurance now surpass their principal and interest. Importantly, the notification regarding these changes is not compulsory, which may result in many homeowners being unaware until their mortgage statements reflect the adjustments. Disclosure: This video contains stock footage and content created or enhanced using AI-assisted tools.  ai-generated

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00:00Thousands of American homeowners just got pushed into a flood zone.

00:03They didn't know they were in, and the clock is already ticking.

00:07A new COTALITY report finds updated FEMA flood maps have added

00:10thousands of properties to high-risk flood zones across more than 100 communities in 12 states,

00:17giving homeowners just 45 days to secure flood insurance.

00:20Escambia County, Florida tops the list with 2,344 newly mapped properties,

00:26followed by Pender County, North Carolina, Chattanooga, Tennessee,

00:30Adithaca, New York, and Methuen, Massachusetts.

00:34COTALITY found that for 10% of FHA homeowners nationwide,

00:38escrow payments covering taxes and insurance now exceed what they owe in principal and interest combined.

00:44The most troubling part, notification isn't mandatory,

00:47meaning many homeowners may not find out until their mortgage servicer quietly raises their monthly bill.

00:53Disclosure. This video contains stock footage and content created or enhanced using AI-assisted tools.

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