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Real Estate
Reply to "Missing Middle middle finger -- seller insists on SFH restriction"
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[quote=Anonymous]I had a deed restriction on home I sold and no one cared. In my opinion surprised. I took a FEMA payout and State grant in Sandy to rebuild. Part of condition I had to legally put a deed restriction flood insurance must always be in place in house. That means even mortgage free you need flood insurance and in event you drop it you are barred from any type of govt grant or could be penalties. My house was in AE8 meaning 8 feet above sea level and house at elevation of 7. I had four feet of water in Sandy. My buyer was 65 and said it was a once in a 100 year event I guess that is next buyers problem. He liked all new. And my flood insurance grandfather solely creeps up but that sky high insurance was 20 years away. Those feed restrictions may not seem a problem but one day they will be but todays buyers don’t care [/quote]
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