Ocean Reef Homes

Our new exciting project The Residence Club in advanced stage has received ORC Club approval and permitting with the county is in process. Reserve your unit now or call our office today. 305-440-2167

The Residence Club Tour of The Residence Club at Ocean Reef

WASHINGTON – Sept. 13, 2017 – On Thursday, Sept. 7, the Senate voted to pass a three-month extension of the National Flood Insurance Program (NFIP) that was scheduled to expire on Sept. 30, 2017; and on Friday, Sept. 8, the House of Representatives passed the legislation and President Trump signed the bill into law later on that same day.

For real estate practitioners, the pressure to close all deals that required flood insurance before Sept. 30 is off and transactions can proceed under their normal time schedules.

For Realtors, it means the National Association of Realtors® (NAR)' Call for Action has also ended, concluding on Friday, Sept. 8, 2017, at 5:00 p.m. Eastern Time.

However, the three-month extension was not NAR's initial goal. The association had first pushed for a longer extension and necessary changes to keep NFIP viable. NAR says it will continue those legislative advocacy efforts for the 21st Century Flood Reform Act until the long-term reauthorization and reform bill is enacted.

"Extending the National Flood Insurance Program was a must-do item, and Congress delivered," says NAR President William E. Brown. "That's good news for consumers, as well as an opportunity for proponents of meaningful reform. With a short extension on their side, leaders in the House and Senate should continue work on the 21st Century Flood Reform Act to strengthen the NFIP and ensure the long-term certainty that current and future homeowners demand."

© 2017 Florida Realtors

Updates in ORC. Please note this is not a live feed these are pics we are receiving daily from family and friends that stayed behind. Doesn't look like any re entry for a week at least. Pray for us and all those in the Keys to recover from this horrible storm.

OPEN HOUSE
Friday, August 25 from 12-2
3 Pumpkin Cay Road, Unit B

Gorgeous 4 bedroom, 4 bath condo, 2 cart, and 1 car steps away from 33' dock and pool. Partial view of Ocean.
Call Lisa or Morgan for more details at 305-440-2167

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Ocean Reef has seen a great year in 2014-15 Season with inventory shrinking . If you are looking to purchase this year, now may be the time. Call our office today 305-440-2167 and visit our website www.oceanreefhomes.com

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