HUD is not required to disclose flood risk to would-be homebuyers, most of whom didn’t learn that the home they were interested in was located in a flood zone until they were told by their lender that they needed to buy flood insurance. Continue reading
The clean up and repair work that remains in Hurricane Ida’s aftermath is overwhelming for many, and investors who have rental properties that have been impacted will want to ensure their renters are treated with care. Continue reading
Devastating flash floods in New York and New Jersey in the aftermath of Hurricane Ida could delay or derail as many as 47,000 pending real estate transactions valued at more than $19.4 billion in those states alone, according to an analysis by ClosingC… Continue reading
Ida, which hits just as new risk ratings for the National Flood Insurance Program are scheduled to take effect on Oct. 1, could also put uninsured property owners at risk. Continue reading
Plus, photos taken just days before the collapse show cracked concrete and corroded rebar in the building’s garage. Continue reading
From fires in California to flooding along the Atlantic, homeowners are going to have to brace themselves for higher bills as climate change leads to more extreme disasters. Continue reading
The new parcel-level disaster data is available as a free add-on to the VeroVALUE service, which the company describes as an AVM that provides realistic value ranges for properties across the country. Continue reading
Federal officials are reportedly exploring a new flood insurance reform plan that would rely more heavily on data, potentially offering homeowners more transparency about the risks they face while also driving up rates in some areas. Continue reading
The Federal Emergency Management Agency ruled Thursday it will not approve new or renew existing flood insurance plans during the government shutdown. Continue reading
The deadline to extend the National Flood Insurance Program expires Friday, meaning House and Senate have two days during the lame duck session to ensure homeowners will have protection. Continue reading