HELPING HOME BUYERS, SELLERS AVOID TAKING A BATH.
Position | STATELINE - Brief article |
Home buyers and sellers alike can wind up in deep water if they don't know a property's flood history. In 21 states, sellers are not required to disclose to buyers whether a home has flooded or whether they will need to buy flood insurance, according to an analysis by the Natural Resources Defense Council and Columbia University's Sabin Center for Climate Change Law. Twenty-nine states and the District of Columbia have a variety of disclosure requirements, but most fail to give buyers a complete picture of a home's...
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