No i will have to check. We are in a velocity zone. Dwight Giles Jr. Wickford RI
On Mon, Apr 19, 2021, 1:29 PM Dan Penoff via Mercedes <mercedes@okiebenz.com> wrote: > Ouch! Any idea what it’s going to cost after they revamp the policies next > year? What is, is it going to go up astronomically? > > FEMA flood insurance for our former house that was in Zone “X” was > $400/year. Not required, but we figured it was cheap insurance in the event > something catastrophic occurred. > > -D > > > On Apr 19, 2021, at 1:15 PM, Dwight Giles via Mercedes < > mercedes@okiebenz.com> wrote: > > > > We pay 3700/year in flood insurance now. > > > > Dwight Giles Jr. > > Wickford RI > > > > On Mon, Apr 19, 2021, 1:10 PM Curt Raymond via Mercedes < > > mercedes@okiebenz.com> wrote: > > > >> An interesting point. How long have building permits been a thing? Some > >> of the houses in flood zones are quite old and probably predate such > >> things. At least on the east coast. > >> > >> -Curt > >> > >> On Monday, April 19, 2021, 12:44:17 PM EDT, G Mann via Mercedes < > >> mercedes@okiebenz.com> wrote: > >> > >> There is another layer of liability which no one is considering. > >> To build a house, even 50 years ago, you have to have a "building > permit" > >> issued by the government agency, [usually called something like > "Planning > >> and Zoning something or the other"... > >> Having issued a "permit to build" this government agency must know that > >> permit is in a known flood zone, THUS are liable. [how liable to be > >> determined by a court case, I suppose.] > >> > >> Simple case in point: You can't build without a permit, that permit > has to > >> come from a government approving agency, thus, that agency is liable for > >> your loss. > >> Further point: That government agency had a list of financial gains by > >> issuing the permit. ie. Job security, future tax incomes for "improved > >> value land with a house on it." etc etc etc... Gains which they took > >> knowingly at the peril of the property owner / house builder.. > >> Thus, guilty and liable. > >> > >> That should bring out the big money lawyers.. what say you? > >> > >> On Mon, Apr 19, 2021 at 8:51 AM Dan Penoff via Mercedes < > >> mercedes@okiebenz.com> wrote: > >> > >>> I realize this might be an unpleasant subject, but it’s my opinion that > >> if > >>> a flood zone floods more than a certain number of times in a given > number > >>> of years, FEMA should stop paying out. Granted, that means that some, > if > >>> not all, of the residents are going to be in bad shape for a number of > >>> reasons. > >>> > >>> A co-worker has relatives that live in southern Louisiana. in almost > >> every > >>> one of the recent storms that have gone through the area in the past > >> decade > >>> their home has been flooded to one degree or another. In other words, > >>> they’ve sustained losses whether it be from personal belongings to > damage > >>> to the home that has to be remediated before it can be occupied again. > >>> We’re talking about claims in the order of 8-10 over the last decade. > At > >>> what point does FEMA step in and say “No more”? And if it does, how can > >>> they be made whole so that they can find another home in an area that > >> won’t > >>> be flooded? > >>> > >>> -D > >>> > >>>> On Apr 19, 2021, at 10:18 AM, Curt Raymond via Mercedes < > >>> mercedes@okiebenz.com> wrote: > >>>> > >>>> Dan's point is valid, the house shows up right bang in the middle of a > >>> flood zone. I googled "Fema flood zone map" and it came up with "search > >> by > >>> address". > >>>> I get what you're saying, this out to be a required disclosure but > >>> buyers ought to at least do some bare minimum of research when buying a > >>> house. I mean, you're going to spend hundreds of thousands of > dollars... > >>>> "which could result in the whole area being dropped from FEMA flood > >>> insurance coverage (this would be A Really Bad Thing)."This is > actually a > >>> really realistic thing, those houses WILL flood again, they're a lousy > >> risk > >>> for insurers, people shouldn't live there, or if they do the houses > >> should > >>> be lifted 10 feet... > >>>> > >>>> > >>>> -Curt > >>>> > >>>> On Monday, April 19, 2021, 10:11:12 AM EDT, Floyd Thursby via > >>> Mercedes <mercedes@okiebenz.com> wrote: > >>>> > >>>> No that is the issue, it is NOT public record. FEMA rules prevent > >>>> disclosure of previous claims and payouts. Some of the houses in her > >>>> neighborhood have been flipped several times, every 2-3 years after a > >>>> flood and repair, to the next sucker who has no clue. Unless a buyer > >>>> goes around and does a lot of research (I know, caveat emptor...) to > >>>> find out what the story is, there is no way to know. And the realtors > >>>> strongly discourage anything like that and in her case, blatantly lied > >>>> about it (as is one who is trying to sell neighboring properties). > Her > >>>> neighbor, a young couple with one small child and another on the way > >> buy > >>>> this nice newly-restored house, then bang a year later it floods and > >>>> they lose a huge amount of money... > >>>> > >>>> Ana's house was actually the first house to be done for this TV show > >>>> Flip This House, which was started by some guys in Charleston. They > >>>> bought the flood house, fixed it up, sold it to Ana and her husband, > >>>> then it flooded 2 more times. She got really pissed off and started > >>>> digging into the history of the house and the neighborhood. It was > not > >>>> easy as little was direct public record, and nothing disclosed on > >>>> previous sales. The City actively resisted FOIA requests and will no > >>>> longer even respond to her. Realtors are not required to disclose, if > >>>> they even know, previous flooding history. Turns out this > neighborhood > >>>> had fraudulent base flood elevation certificates going back to when it > >>>> was built in the 80s, apparently signed off by the building inspector > >>>> (who is now dead) despite clear evidence that the homes were built in > a > >>>> flood zone, and old low area that had been drained by a ditch that > >> backs > >>>> up in hurricanes and large storm events (you can actually see this on > >>>> aerial imagery). There is some evidence that collusion between this > >>>> guy, the mayor, and the developer allowed this to happen. > >>>> > >>>> She became obsessed by this (and still is to the point of near > >> insanity, > >>>> seriously) and did a huge amount of investigation on it. She received > >> a > >>>> lot of old records and such from sympathetic people, stuff that was > >>>> pretty much abandoned by the City over the decades, that show a lot of > >>>> fraud against FEMA, etc. She and 2 other friends wrote a 20-page > >> letter > >>>> to FEMA 3 years ago detailing all this, there is a 3-part fraud > >>>> investigation now active against the City, which could result in the > >>>> whole area being dropped from FEMA flood insurance coverage (this > would > >>>> be A Really Bad Thing). > >>>> > >>>> Anyway, the whole thing is a sh*tshow that would make a fascinating > >>>> book. Bottom line is that FEMA is not your friend and your local > >>>> jurisdictions are generally not your friends either. In Ana's case, > >> the > >>>> court has been very supportive of her in her foreclosure case, turns > >> out > >>>> the judge had almost the exact some problems and had no idea how to > >> deal > >>>> with it until she came along. > >>>> > >>>> Anyway, that is the short story, the whole thing is almost > >> unbelievable. > >>>> > >>>> --FT > >>>> > >>>> On 4/19/21 9:44 AM, Dan Penoff via Mercedes wrote: > >>>>> I’m trying to understand how one would be on the hook from a > liability > >>> standpoint if they sold? That’s like saying if you don’t disclose a > >>> property is in a flood zone you’re liable. It’s public record and an > >>> underwriter or lender is going to look for this as a part of the > >>> underwriting process. > >>>>> > >>>>> So what if she did sell and disclose? If it was me I would be dumping > >>> it in a heartbeat to the best bidder with an attestation that they > >> agreed I > >>> told them it had been flooded. > >>>>> > >>>>> I don’t have a lot of sympathy for people who live in flood zones. > >> It’s > >>> a calculated risk, and if you lose, you lose. As FEMA’s new insurance > >>> requirements start to go into effect next year you’re going to see a > lot > >> of > >>> properties come on to the market, I’m betting. It’s already a big deal > >>> around here, as even with the hot property market people are very > >> conscious > >>> of how much flood insurance is going to add to their cost of ownership. > >>>>> > >>>>> -D > >>>>> > >>>>>> On Apr 19, 2021, at 9:25 AM, Buggered Benzmail via Mercedes < > >>> mercedes@okiebenz.com> wrote: > >>>>>> > >>>>>> Ever how national Time is these days > >>>>>> > >>>>>> https://time.com/5953380/climate-housing-crisis > >>>>>> > >>>>>> This is a growing expensive issue around these parts > >>>>>> > >>>>>> --FT > >>>>>> Sent from iPhone > >>>>>> _______________________________________ > >>>>>> http://www.okiebenz.com > >>>>>> > >>>>>> To search list archives http://www.okiebenz.com/archive/ > >>>>>> > >>>>>> To Unsubscribe or change delivery options go to: > >>>>>> http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com > >>>>>> > >>>>> > >>>>> _______________________________________ > >>>>> http://www.okiebenz.com > >>>>> > >>>>> To search list archives http://www.okiebenz.com/archive/ > >>>>> > >>>>> To Unsubscribe or change delivery options go to: > >>>>> http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com > >>>>> > >>>> -- > >>>> --FT > >>>> > >>>> _______________________________________ > >>>> http://www.okiebenz.com > >>>> > >>>> To search list archives http://www.okiebenz.com/archive/ > >>>> > >>>> To Unsubscribe or change delivery options go to: > >>>> http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com > >>>> > >>>> > >>>> _______________________________________ > >>>> http://www.okiebenz.com > >>>> > >>>> To search list archives http://www.okiebenz.com/archive/ > >>>> > >>>> To Unsubscribe or change delivery options go to: > >>>> http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com > >>>> > >>> > >>> > >>> _______________________________________ > >>> http://www.okiebenz.com > >>> > >>> To search list archives http://www.okiebenz.com/archive/ > >>> > >>> To Unsubscribe or change delivery options go to: > >>> http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com > >>> > >>> > >> _______________________________________ > >> http://www.okiebenz.com > >> > >> To search list archives http://www.okiebenz.com/archive/ > >> > >> To Unsubscribe or change delivery options go to: > >> http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com > >> > >> > >> _______________________________________ > >> http://www.okiebenz.com > >> > >> To search list archives http://www.okiebenz.com/archive/ > >> > >> To Unsubscribe or change delivery options go to: > >> http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com > >> > >> > > _______________________________________ > > http://www.okiebenz.com > > > > To search list archives http://www.okiebenz.com/archive/ > > > > To Unsubscribe or change delivery options go to: > > http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com > > > > > _______________________________________ > http://www.okiebenz.com > > To search list archives http://www.okiebenz.com/archive/ > > To Unsubscribe or change delivery options go to: > http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com > > _______________________________________ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
